MicroStrategy expands bitcoin holdings with 2,138 BTC Purchase Worth $209 Million
MicroStrategy, a leading business intelligence company and a prominent Bitcoin investor, has once again demonstrated its confidence in cryptocurrency by adding 2,138 BTC to its portfolio. This acquisition brings the company‘s total Bitcoin holdings to 446,400 BTC, valued at approximately $41.5 billion at current market prices.
Average purchase price The purchased Bitcoin was acquired at an average price of $97,837 per BTC. This move underscores MicroStrategy‘s determination to strengthen its market position regardless of price fluctuations.
A Consistent acquisition strategy This latest acquisition marks the eighth consecutive week that MicroStrategy has purchased Bitcoin. Since October 31, the company has been adding BTC weekly to its portfolio, resulting in an impressive increase of 194,180 BTC.
New opportunities for growth This move provides MicroStrategy with the flexibility to issue additional shares in the future, enabling it to raise capital for further Bitcoin investments and other strategic initiatives.
A consistent strategy: Bitcoin purchases in 2024
Commitment to Long-Term Growth Between December 23 and 29, MicroStrategy purchased 2,138 Bitcoin, representing an investment of $209 million. This acquisition was funded through the sale of 592,987 shares, continuing the company‘s strategy of steady growth and investments in Bitcoin.Average purchase price The purchased Bitcoin was acquired at an average price of $97,837 per BTC. This move underscores MicroStrategy‘s determination to strengthen its market position regardless of price fluctuations.
Impressive returns in 2024
74% Year-to-Date Yield MicroStrategy reported a year-to-date Bitcoin yield of 74.1% in 2024. The quarterly yield of 47.8% between October and December highlights the company‘s strong performance in a volatile market.A Consistent acquisition strategy This latest acquisition marks the eighth consecutive week that MicroStrategy has purchased Bitcoin. Since October 31, the company has been adding BTC weekly to its portfolio, resulting in an impressive increase of 194,180 BTC.
Future plans: greater flexibility for acquisitions
Expansion of Stock Options MicroStrategy has filed plans to increase the number of authorized shares for both common and preferred stock. The company aims to raise the authorized Class A common stock from 330 million to 10.33 billion shares and increase the authorized preferred stock from 5 million to over 1 billion shares.New opportunities for growth This move provides MicroStrategy with the flexibility to issue additional shares in the future, enabling it to raise capital for further Bitcoin investments and other strategic initiatives.