# MicroStrategy Adds to Bitcoin Reserves in New Weekly Buy

*Author: Kazu Umemoto*
*Published: Jan 6, 2025*
*Source: https://www.bankless.com/read/microstrategy-adds-to-its-bitcoin-reserve-2*

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MicroStrategy has announced yet another BTC buy, adding 1,070 bitcoin to its reserves for $101 million.

## What’s The Scoop?
- **Average Cost of Recent Buy:** MicroStrategy paid an average of $94K per Bitcoin in its most recent purchase
- **Current Holdings:** This most recent purchase now brings MicroStrategy’s total Bitcoin holdings to just over $44B. 
- **Future Outlook:** MicroStrategy plans to issue $2B in preferred stock to purchase more Bitcoin and add to its growing reserve.

## Bankless Take:
Michael Saylor is showing no signs of slowing investment in MicroStrategy’s Bitcoin reserve. However, the market seems to have a negative outlook on this game plan as MicroStrategy’s stock price has fallen 40% since November as the company continues to issue new shares. With this most recent purchase, MicroStrategy's average purchase price per Bitcoin is just just under $63K.
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