MicroStrategy bought 11K BTC the week before Trump’s inauguration

MicroStrategy, the largest corporate holder of Bitcoin, announced a fresh purchase of 11,000 BTC.On Jan. 21, MicroStrategy officially disclosed its latest Bitcoin (BTC) purchase, costing $1.1 billion in cash at an average price of about $101,191 per BTC.The purchase was made during the period between Jan. 13 and Jan. 20, the week before the inauguration of United States President Donald Trump.Similar to previous MicroStrategy Bitcoin buys, the purchases were made using proceeds from the issuance and sale of shares under a convertible notes sales agreement.Following the latest buy, MicroStrategy now holds 461,000 BTC, which the company acquired for a total of $29.3 billion at the average BTC price of $63,610, MicroStrategy co-founder Michael Saylor said in an X post announcing the purchase.Saylor previously hinted at a potential buy on Jan. 19, which usually signals an impending BTC purchase the next day.The new 11,000 BTC purchase is the third acquisition by MicroStrategy in January and its largest buy so far in 2025. The company has bought 14,600 BTC this year.With the purchase, MicroStrategy has achieved a BTC yield of 1.69% year-to-date, Saylor said.Saylor backs US Bitcoin reserveThe inauguration of President Donald Trump on Jan. 20 has fueled expectations of a strategic Bitcoin reserve being established in the United States. Although Trump’s first day in office ended without any mention of crypto, industry observers say it’s only a matter of time before the President makes it a priority. According to betting market Kalshi, there’s a 66% chance that Trump will follow through on his campaign promise and create a national Bitcoin reserve this year. It’s no surprise that Saylor supports the idea. In December, the MicroStrategy founder proposed a Digital Assets Framework for the US, which includes acquiring and holding Bitcoin to strengthen the country’s financial position. “A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy,” Saylor said on the X social media platform. Saylor said his proposal could generate between $16 trillion to $81 trillion in wealth for the US Treasury as the price of Bitcoin continues to appreciate.