MicroStrategy continues to expand its Bitcoin reserves, confirming the acquisition of an additional 1070 BTC. Alongside this, the company unveiled new financial plans and discussed Bitcoin with Eric Trump.
New Bitcoin Purchase
In a recent investor filing, MicroStrategy reported buying 1070 BTC for $101 million at an average price of $94,004 per Bitcoin. As of January 5, the company's Bitcoin holdings have reached 447,470 BTC, making MicroStrategy the largest corporate holder of cryptocurrency.
MicroStrategy's Financial Plans
On January 3, MicroStrategy announced plans to raise $2 billion through a perpetual preferred stock offering. This initiative is separate from their earlier '21/21' strategy announcement, aiming to expand Bitcoin holdings by raising $21 billion in equity and $21 billion in fixed-income instruments. The proceeds from the new offering will strengthen the company's balance sheet.
Meeting with Eric Trump
In recent developments, Michael Saylor met with Eric Trump at Mar-a-Lago. Eric Trump described the encounter on Twitter as 'two friends, one passion: Bitcoin'. The meeting has sparked speculation about the incoming administration's stance on cryptocurrency policies.
MicroStrategy continues to actively invest in Bitcoin, leading among corporate holders of cryptocurrency. The introduction of new financial instruments and discussions with political figures underscore the significance of Bitcoin as part of the company's broader economic strategy.
