MicroStrategy Expands Bitcoin Portfolio by 2,138 BTC

user avatar

by Giorgi Kostiuk

2 years ago

MicroStrategy, the largest corporate holder of Bitcoin, continues to expand its reserves, investing $209 million to purchase an additional 2,138 BTC. This acquisition increases the company's total holdings to 446,400 BTC, valued at $41.8 billion.

New Bitcoin Purchase

MicroStrategy acquired bitcoins at an average price of $97,837 per coin between December 23 and December 29, 2024. This is part of the company's ongoing policy to strengthen its digital assets.

Financing and Shares

To finance this purchase, MicroStrategy sold 592,987 shares, generating about $209 million. The company plans further share sales as part of its $21 billion offering.

MicroStrategy's Strategic Plans

After achieving the $42 billion Bitcoin investment target, the company plans to reassess its capital allocation plan. MicroStrategy also announced plans to hold a special meeting to vote on proposals to enhance Bitcoin acquisition strategy by increasing authorized shares.

Strategic Bitcoin accumulation has become a significant part of MicroStrategy's financial strategy, attracting interest from investors and analysts, particularly given the company's stock volatility.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

BAI Sets New Industry Record with 151 Trillion Tokens Daily Throughput

BAI has set a new industry record with a daily throughput of over 151 trillion tokens, marking a significant increase since its launch.

user avatarElias Mukuru

Justin Sun Prize Launched to Transform Scientific Research

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.