Catenaa, Wednesday, January 22, 2025 – MicroStrategy, the business intelligence firm led by Bitcoin proponent Michael Saylor, announced Monday that it has purchased an additional $1.1 billion worth of Bitcoin, bringing its total holdings to a staggering 461,000 BTC.
This marks the company’s 11th consecutive week of Bitcoin acquisitions.
According to an SEC filing, MicroStrategy acquired 11,000 BTC at an average price of $101,191 per Bitcoin during its latest purchase. Overall, the company has spent $29 billion to amass its Bitcoin reserve, with an average acquisition price of $63,610, inclusive of fees and expenses.
The acquisition aligns with MicroStrategy’s ongoing strategy to leverage Bitcoin as a primary treasury asset. To fund the purchase, the company sold over 3 million shares, raising an equivalent $1.1 billion. MicroStrategy still has $5.42 billion in shares available for sale as part of a $42 billion equity and fixed-income capital raise plan targeting future Bitcoin investments.
Earlier in January, MicroStrategy added $101 million worth of Bitcoin, equivalent to 1,070 BTC, purchased at an average price of $94,004.
Since 2020 MicroStrategy has cemented itself as the largest corporate Bitcoin holder, owning over 2% of Bitcoin’s total 21 million supply.
Saylor may soon have nearly as many common shares available to fund the company’s Bitcoin purchases as industry giants Amazon.com Inc. and Alphabet Inc. have outstanding, a Bloomberg report said last week.
It said, citing analysts, that MicroStrategy would easily pass a company-sponsored proposal to increase the number of authorized Class A common shares from 330 million to 10.3 billion.
Saylor, who co-founded the software company that has transformed into a leveraged Bitcoin proxy, controls approximately 47% of the voting power.
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