MicroStrategy, the business intelligence firm renowned for its bold Bitcoin investments, announced the acquisition of 10,107 Bitcoin for $1.1 billion, at an average price of $105,596 per coin. The purchase, completed between January 21 and 26, marks the company’s twelfth consecutive week of Bitcoin accumulation.
The Tysons, Virginia-based firm now holds a staggering 471,107 Bitcoin, valued at approximately $46.7 billion at current market prices. This monumental investment comes with a cumulative spend of $30 billion, averaging $64,500 per Bitcoin.
The latest acquisition was funded through stock sales, as detailed in a recent SEC filing. MicroStrategy sold 2,765,157 shares during the acquisition period, raising $1.1 billion in net proceeds. The company still retains $4.35 billion in available shares for future sales under its current agreement, ensuring ample flexibility for continued Bitcoin purchases.
This move aligns with the company’s long-term Bitcoin treasury strategy, which aims to raise $42 billion by 2027 for additional acquisitions. Shareholders recently approved a substantial increase in authorized Class A common shares, from 330 million to 10.3 billion, and preferred shares from 5 million to 1 billion, with 56% voting in favor.
MicroStrategy also reported a 2.9% Bitcoin yield year-to-date, reflecting its Bitcoin representation per share. Despite the aggressive acquisition strategy, shares of MicroStrategy ($MSTR) closed about 5% lower last Friday.
CEO Michael Saylor remains optimistic about the firm’s commitment to Bitcoin, reinforcing its position as one of the most prominent corporate holders of the cryptocurrency.
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