MicroStrategy Boosts Bitcoin Holdings with $243M Purchase

MicroStrategy has expanded its Bitcoin reserves by acquiring 2,530 BTC for $243 million, averaging $95,972 per coin, between January 6 and 12.
This latest move brings the company’s total holdings to 450,000 BTC, valued at over $40 billion, purchased at an average price of $62,691 per Bitcoin.
To fund its purchases, the company sold 710,425 shares during the same period, matching the $243 million spent on Bitcoin. MicroStrategy has an ongoing plan to raise $42 billion through equity and fixed-income securities, including a new $2 billion preferred stock offering aimed at attracting institutional investors like banks and pension funds.
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This acquisition marks ten consecutive weeks of Bitcoin purchases, including 1,070 BTC bought the previous week for $101 million and $209 million invested the week before. Over the past ten weeks, MicroStrategy has spent more than $18 billion on Bitcoin, further cementing its position as one of the largest institutional holders of the cryptocurrency.
Despite these investments, MicroStrategy’s stock has seen mixed performance, with a 1.1% decline to $327.91 last Friday, although it remains up 447% year-over-year. Analysts highlight the firm’s premium valuation relative to its Bitcoin holdings, sparking debates about the sustainability of its strategy. Nonetheless, MicroStrategy now holds 2.1% of Bitcoin’s total supply, reinforcing its commitment to the asset amid ongoing market volatility.