MicroStrategy Expands Bitcoin Portfolio by 2,138 BTC

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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.

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