A company that is changing the way the world mines bitcoin

Coinpaprika 2025-01-27 13:07:18

MicroStrategy Boosts Bitcoin Holdings with $1.1B Purchase

MicroStrategy has bolstered its Bitcoin holdings with the purchase of 10,107 BTC for $1.1 billion, averaging $105,596 per coin. This acquisition, made between January 21 and 26, represents the company’s twelfth consecutive week of Bitcoin purchases. The Virginia-based firm now holds 471,107 Bitcoin , valued at approximately $46.7 billion at current market prices. The company has invested around $30 billion in Bitcoin, with an average cost of $64,500 per coin. The recent acquisition was financed through stock sales. According to an SEC filing, MicroStrategy sold 2,765,157 shares during the same period, raising $1.1 billion in net proceeds. The company retains $4.35 billion in available shares under its sales agreement as of January 26, providing further financial flexibility for its Bitcoin strategy. Shareholder approval has played a critical role in supporting this aggressive Bitcoin treasury strategy. Recently, shareholders approved an increase in authorized Class A common shares from 330 million to 10.3 billion and preferred stock from 5 million to 1 billion, securing 56% of votes in favor . This move aligns with the company’s goal of raising $42 billion by 2027 for additional Bitcoin acquisitions. MicroStrategy’s Bitcoin yield, which measures Bitcoin representation per share, has reached 2.9% year-to-date . However, the company’s shares experienced a decline of about 5% at market close last Friday, according to Yahoo Finance. The firm’s commitment to Bitcoin remains unwavering as it continues to expand its holdings, leveraging shareholder support and stock sales to solidify its position as a key player in the digital asset space.