MicroStrategy Doubles Down on Bitcoin with $1.1B Purchase

MicroStrategy Boosts Bitcoin Holdings with $1.1B Purchase

MicroStrategy, the world's largest corporate Bitcoin holder, has bolstered its Bitcoin holdings with the purchase of 10,107 BTC for $1.1 billion, averaging $105,596 per coin. This acquisition, made between January 21 and 26, represents the company's twelfth consecutive week of Bitcoin purchases. The Virginia-based firm now holds 471,107 Bitcoin, valued at approximately $46.7 billion at current market prices. The company has invested around $30 billion in Bitcoin, with an average cost of $64,500 per coin.

The recent acquisition was financed through stock sales. According to an SEC filing, MicroStrategy sold 2,765,157 shares during the same period, raising $1.1 billion in net proceeds. The company retains $4.35 billion in available shares under its sales agreement as of January 26, providing further financial flexibility for its Bitcoin strategy.

Shareholder approval has played a critical role in supporting this aggressive Bitcoin treasury strategy. Recently, shareholders approved an increase in authorized Class A common shares from 330 million to 10.3 billion and preferred stock from 5 million to 1 billion, securing 56% of votes in favor. This move aligns with the company's goal of raising $42 billion by 2027 for additional Bitcoin acquisitions.