Recently, MicroStrategy announced the acquisition of 7,633 Bitcoin between February 3 and 9, continuing its strategy of expanding its stake in the largest cryptocurrency.
Major Bitcoin Purchase
MicroStrategy, the world's first and largest Bitcoin treasury company, has acquired 7,633 Bitcoin. The transaction was carried out in February and is part of the company's long-term strategy to expand its assets in cryptocurrency.
Financial Strategy of the Company
The company used proceeds from stock sales to finance the purchase. An amount of $179 million was obtained from the sale of stocks under a sales agreement, and another $563 million was raised through a public offering of 8% preferred stock. This allowed the company to increase its Bitcoin holdings to 478,740 units.
Impact on the Market
This purchase had a positive impact on the Bitcoin exchange rate, which showed negative dynamics at the beginning of February. The purchase is part of a broader trend of large companies showing increased interest in cryptocurrencies. It also contributes to reducing the supply of Bitcoin for sale while many investors anticipate its adoption at the state level.
Thus, MicroStrategy's actions are part of a larger market trend, where big companies continue to invest in Bitcoin, awaiting its further growth and adoption at the global level.
