MicroStrategy Boosts Bitcoin Holdings to 471,101, Launches STRK Offering

MicroStrategy, the world's largest corporate Bitcoin (BTC) holder, has once again increased its holdings by purchasing an additional 10,101 BTC for $1.1 billion. This marks the twelfth consecutive week of Bitcoin purchases for the company, which is now sitting on a staggering 471,101 tokens. The average price per coin in this latest acquisition was $105,596.

Since beginning its Bitcoin accumulation strategy in 2020, MicroStrategy has spent a total of $30.4 billion to build its massive Bitcoin treasury. At press time, the stockpile was valued at nearly $50 billion, with BTC trading around $100,000 following a 4% price drop on Jan. 27 due to a stock market correction.

In addition to increasing its Bitcoin holdings, MicroStrategy also announced the launch of STRK, a mixed securities offering available to institutional investors and select retail buyers. The proceeds from this offering will be used to purchase additional Bitcoin and for general corporate purposes. This initiative is likely part of MicroStrategy's "21/21" plan, which aims to invest $42 billion into Bitcoin by 2028 and further cement the company's position as the largest BTC holder.

Shareholders have shown their support for MicroStrategy's Bitcoin strategy, with a recent vote approving an increase in authorized Class A common shares from 330 million to 10.3 billion and preferred stock from 5 million to 1 billion. This move aligns with the company's goal of raising $42 billion by 2027 for additional Bitcoin acquisitions.