MicroStrategy has announced an additional purchase of 27,200 BTC, valued at approximately $2.03 billion, strengthening its position as the largest corporate holder of Bitcoin.
Details of the New Bitcoin Purchase
MicroStrategy has acquired 27,200 BTC at an average price of $74,463 per Bitcoin. The company now holds 279,420 BTC, equivalent to approximately $24.83 billion. This move reaffirms the company's commitment to Bitcoin as its primary reserve asset.
MicroStrategy's Financing Strategy
The latest acquisition was funded through the sale of company stock. This strategy allows MicroStrategy to buy Bitcoin without incurring debt or affecting its operational cash flow, thereby avoiding financial strain.
MicroStrategy's Future Plans
Recently, MicroStrategy launched an ambitious '21/21 Plan' aiming to raise $42 billion over the next three years to increase its Bitcoin holdings. The company plans to raise $21 billion in equity and $21 billion in fixed income securities.
With the additional BTC acquisition, MicroStrategy strengthens its position in the cryptocurrency market, continuing to implement innovative strategies for growth and business support.
