MicroStrategy Boosts Bitcoin Holdings with $1.1B Purchase

Generated by AI AgentCoin World
Monday, Jan 27, 2025 10:21 am ET1min read
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MicroStrategy Boosts Bitcoin Holdings with $1.1B Purchase

MicroStrategy, the business intelligence firm led by Executive Chairman Michael Saylor, has once again expanded its Bitcoin (BTC) portfolio. The company acquired an additional 10,107 BTC for approximately $1.1 billion between January 21 and 26, 2025. This purchase brings MicroStrategy's total Bitcoin holdings to 471,107 BTC, valued at around $46.7 billion at current market prices.

The latest acquisition was made at an average price of $105,596 per Bitcoin, reflecting MicroStrategy's commitment to its aggressive digital asset strategy. 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.

MicroStrategy continues to solidify its position as the leading corporate holder of Bitcoin, announcing the acquisition of over 10,000 BTC during a recent buying spree. According to co-founder Michael Saylor, "Our aggressive Bitcoin acquisition strategy is not merely a financial investment but a fundamental part of our corporate growth strategy."

Understanding MicroStrategy's Strategic Bitcoin Accumulation

MicroStrategy, under the leadership of co-founder Michael Saylor, has adopted an aggressive Bitcoin acquisition strategy since its initial purchase in August 2020. The company has repeatedly reinvested its capital into Bitcoin, demonstrating a steadfast belief in the digital asset's long-term value. This latest acquisition of 10,

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