• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

MicroStrategy Expands Bitcoin Portfolio by 2,138 BTC

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Clarity Act Debate Intensifies Concerns Over XRP and RLUSD

chest

The controversy surrounding Ripple and RLUSD is linked to the Clarity Act and digital asset legislation in the U.S.

user avatarSatoshi Nakamura

Ripple, XRP, and RLUSD Face Banking Industry Opposition

chest

A controversy has emerged as crypto commentator Pumpius claims that major banking groups are lobbying against legislation that could strengthen Ripple's stablecoin ecosystem, raising concerns about the impact on traditional bank deposits.

user avatarJesper Sørensen

Ric Edelman Proposes New 80/20 Investment Strategy for Retirement

chest

Ric Edelman proposes a new 80/20 investment strategy for retirement, emphasizing the importance of keeping 80% in equities and growth assets, including at least 10% in cryptocurrencies.

user avatarRajesh Kumar

Ric Edelman Predicts Bitcoin Could Surpass $150,000

chest

Financial adviser Ric Edelman predicts Bitcoin could exceed $150,000 by the end of 2026, driven by institutional investment and regulatory changes.

user avatarLucas Weissmann

Solana Breaks Out of Long-Term Descending Channel

chest

Solana has successfully broken out of a long-term descending channel, marking a significant structural shift in its price action.

user avatarFilippo Romano

Increase in Bitcoin Whale Transactions on Binance Amid Price Volatility

chest

Surge in large Bitcoin transactions on Binance indicates increased whale activity amid price fluctuations.

user avatarEmily Carter

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.