MicroStrategy has announced the acquisition of 27,200 BTC worth $2.03 billion, solidifying its position as the largest corporate Bitcoin holder.
Latest Bitcoin Acquisition
MicroStrategy acquired 27,200 BTC at an average purchase price of $74,463 per Bitcoin. The company now holds a total of 279,420 BTC, worth approximately $24.83 billion.
MicroStrategy's Financing Strategy
This latest BTC acquisition was funded by selling company stock, a strategy that allows MicroStrategy to accumulate Bitcoin without incurring debt or affecting its operational cash flow. The company's shares have steadily risen since 2020, largely due to Bitcoin's value increase.
MicroStrategy’s 21/21 Plan
Weeks before the acquisition, MicroStrategy launched the ambitious '21/21 Plan' to raise $42 billion over three years to further expand its Bitcoin holdings. The company aims to raise $21 billion in equity and $21 billion in fixed income securities.
MicroStrategy remains committed to its Bitcoin investment strategy, positioning itself as a leader in corporate cryptocurrency investments.
