MicroStrategy Boosts Bitcoin Holdings to 471,101, Eyes Future Purchases

MicroStrategy, a leading business intelligence firm, has significantly increased its Bitcoin holdings by purchasing an additional 10,107 BTC at an average price of $105,596. This strategic move further solidifies the company's position as one of the largest corporate holders of Bitcoin.

The purchase, which was announced on January 27, 2025, brings MicroStrategy's total Bitcoin holdings to a staggering 471,101 tokens. The company has invested a total of $30.4 billion in Bitcoin since it began accumulating the cryptocurrency in 2020. At the time of the announcement, the value of MicroStrategy's Bitcoin treasury was nearly $50 billion, with Bitcoin trading around $100,000 following a 4% price drop due to a stock market correction.

In addition to increasing its Bitcoin holdings, MicroStrategy has also filed a shelf registration statement with the SEC to enhance its financial flexibility for future Bitcoin purchases and working capital needs. The company plans to offer various securities, including bonds, common stock, preferred stock, warrants, and units, at different times in the future. This move allows MicroStrategy to raise capital efficiently by "shelving" securities for sale when market conditions are favorable or when additional funds are required.

MicroStrategy has stated that the net proceeds from the sale of any securities offered under this prospectus will be used to acquire additional Bitcoin and for general corporate purposes, unless otherwise indicated in the applicable prospectus supplement. The filing also notes that these securities will be issued under carefully structured indentures and agreements to ensure compliance with regulatory standards. Global securities may also be utilized for efficient distribution.

As of January 23, 2025, MicroStrategy had 231,632,665 shares of class A common stock and 19,640,250 shares of class B common stock outstanding. The company separately announced plans to issue 2.5 million shares of Series A Perpetual Strike Preferred Stock, a new convertible preferred stock available to both institutional and select retail investors.

MicroStrategy's strategic approach to Bitcoin investment and capital raising has been met with support from shareholders. Last week, shareholders voted to increase the number of authorized Class A common shares by 30 times to enable capital raising. This vote of confidence in the