- MicroStrategy adds 11,000 Bitcoin, pushing the total to 461,000 BTC.
- Company plans $2B stock expansion to support Bitcoin acquisitions.
- MicroStrategy’s Bitcoin holdings reach $47.2 billion, averaging $63,610/BTC.
MicroStrategy, led by CEO Michael Saylor, is making headlines with another major Bitcoin purchase. Adding 11,000 BTC brings its holdings to a staggering 461,000, further solidifying the company’s position as a crypto powerhouse with a $47.2 billion stake in BTC.
MicroStrategy expands Bitcoin holdings
MicroStrategy, led by Michael Saylor, has added 11,000 BTC which increased its total holdings to 461,000 BTC. The company acquired Bitcoin at an average price of $101,191 per coin, bringing its total investment to $29.3 billion. This marks the 11th consecutive week of BTC purchases by MicroStrategy.
MicroStrategy’s stock (MSTR) saw a slight decline in early trading following the announcement. The company remains one of the largest Bitcoin holders across the world. After the recent purchase, MicroStrategy’s overall average purchase price for Bitcoin now stands at $63,610 per coin.
The company’s BTC holdings have already reached a value of $47.2 billion. MicroStrategy’s strategy to invest heavily in BTC shows its confidence in the long-term potential of the cryptocurrency. As of January 19, the company had spent approximately $1.1 billion on BTC purchases in just one week.
MSTR Share Increase Proposal
Moreover, MicroStrategy has proposed increasing its authorized shares through a shareholder vote. The proposal aims to raise $2 billion via a preferred stock offering, which would help fund further BTC purchases. If approved, the move would significantly expand the company’s share count and support its ongoing Bitcoin strategy.
MicroStrategy’s CEO, Michael Saylor has emphasized the company’s commitment to a long-term Bitcoin strategy.
He recently hinted at additional acquisitions through cryptic posts that suggest continued accumulation of Bitcoin. The company has raised over $40 billion in equity offerings to finance its BTC purchases and aims to accumulate even more digital assets in the coming years.
Analysts expect the shareholder proposal to pass despite the potential dilution of shares. Saylor controls 47% of the voting power, which further increases the likelihood of approval. If approved, MicroStrategy could surpass tech giants like NVIDIA, Apple, Alphabet and Amazon in terms of shares.
Impact of MSTR BTC Approach
MicroStrategy’s approach to BTC has attracted attention across the financial world, both for its aggressive strategy and its sheer scale. The company’s moves highlight a broader trend of institutional investment in cryptocurrency. However, some critics have questioned the sustainability of such a strategy.
As the cryptocurrency market continues to evolve, MicroStrategy’s actions will likely serve as a benchmark for institutional adoption of digital assets. The company remains a major player in the crypto space because of its aggressive acquisitions and a clear strategy.