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MicroStrategy Boosts Bitcoin Holdings to 471,107 BTC with $1.1 Billion Purchase

Coin WorldMonday, Jan 27, 2025 10:22 am ET

1min read

MicroStrategy, the leading business intelligence firm, has once again demonstrated its commitment to Bitcoin by acquiring an additional 10,107 BTC for approximately $1.1 billion. This purchase, made between January 21 and 26, marks the company's 12th consecutive week of Bitcoin accumulation.

With this latest acquisition, MicroStrategy's total Bitcoin holdings have reached an impressive 471,107 BTC, valued at over $46 billion at current market prices. The company has invested around $30 billion in Bitcoin, with an average purchase price of approximately $64,500 per coin.

Funding for this purchase came from the sale of 2,765,157 shares, generating $1.1 billion in net proceeds. MicroStrategy retains $4.35 billion worth of shares available for sale under its sales agreement as of January 26.

This acquisition follows a recent shareholder approval to increase authorized Class A common shares from 330 million to 10.3 billion and preferred stock from 5 million to 1 billion. This move supports MicroStrategy's Bitcoin treasury strategy, aiming to raise $42 billion by 2027 for additional Bitcoin purchases.

MicroStrategy's aggressive Bitcoin accumulation strategy, led by co-founder Michael Saylor, has positioned the company as the largest corporate holder of Bitcoin. The firm's commitment to the digital asset has not only reshaped its financial structure but also influenced other corporations globally, with companies like Metaplanet in Japan following suit.

Despite recent market volatility, with Bitcoin fluctuating below the $100,000 mark, MicroStrategy remains undeterred in its strategy. The company views temporary market conditions as opportunities rather than obstacles, maintaining a long-term perspective on Bitcoin's potential recovery and growth.

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