Recently rebranded as 'Strategy', MicroStrategy continues to actively increase its Bitcoin reserves. According to company statements, new acquisitions significantly boosted its BTC treasury.
MicroStrategy's New Bitcoin Acquisitions
Last week, MicroStrategy made a significant purchase of 6,911 BTC amounting to approximately $584.1 million, increasing its total reserve to 506,137 BTC valued at $42.8 billion.
Financial Operation Details
Funds for the latest purchase were raised through stock sale programs known as ATMs. This included 1,975,000 shares of common stock (MSTR), generating $592.6 million, and 13,100 shares of 8% Series A Perpetual Preferred Stock (STRK), raising another $1.1 million.
Company Strategy and Market Position
Under the leadership of Michael Saylor, MicroStrategy is the largest corporate Bitcoin holder in the world, with over half a million coins. Bitcoin remains the company's primary treasury reserve asset.
The new BTC acquisition confirms MicroStrategy’s commitment to increasing its Bitcoin reserves, positioning it as a leader among corporate holders of this cryptocurrency.
