MicroStrategy Boosts Bitcoin Holdings with $1.1B Purchase

MicroStrategy Boosts Bitcoin Holdings with $1.1B Purchase

MicroStrategy, the leading corporate holder of Bitcoin, has further solidified its position with a recent acquisition of over 10,000 BTC. The company spent approximately $1.1 billion to add these coins to its existing holdings, marking its twelfth consecutive week of Bitcoin purchases.

The Virginia-based firm now holds 471,107 BTC, valued at around $46.7 billion at current market prices. This significant investment is part of MicroStrategy's aggressive digital asset strategy, with the company having invested around $30 billion in Bitcoin at an average cost of $64,500 per coin.

The recent acquisition was financed through stock sales, with MicroStrategy selling 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.

In a separate development, MicroStrategy has filed a shelf registration for a mixed securities offering, intending to raise funds for potential Bitcoin investment and general corporate purposes. The company submitted a mixed securities registration statement with the U.S. Securities and Exchange Commission (SEC) on Form S-3.