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

Microsoft Stock Surpasses 500 Mark Amid Analyst Buy Ratings

Microsoft's stock has climbed above the 500 level, opening at 509 during Tuesday's trading session. Analysts have given MSFT a buy rating, with predictions suggesting it could reach above 600.

user avatarJesper Sørensen

Oracle Integrates with Swift's Blockchain for Enhanced Banking Payments

Oracle announced a significant integration with Swift's blockchain ledger to facilitate tokenized deposit payments for banks.

user avatarRajesh Kumar

TRON DAO Rings Closing Bell at Cboe for TRXS Listing

TRON DAO rings the closing bell at Cboe Global Markets to celebrate the listing of TRXS, an exchange-traded product linked to TRX.

user avatarLucas Weissmann

MEXC Launches 'WE SEE YOU' Campaign to Highlight Individual Traders

MEXC has launched a new brand identity focused on the philosophy 'WE SEE YOU', emphasizing the importance of individual traders behind accounts.

user avatarFilippo Romano

Citi and Coinbase Enhance Partnership for Stablecoin Payments

Citi and Coinbase have expanded their partnership to facilitate stablecoin payments for corporate clients, allowing seamless transactions between traditional and digital currencies.

user avatarEmily Carter

MEXC Reports Surge in After-Hours Trading Activity

MEXC reports a significant increase in after-hours trading volume, surpassing regular hours, with 4920 tokenized stocks traded outside regular hours during July-August 2026.

user avatarTomas Novak

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.