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Cryptocurrency News Articles
MicroStrategy Expands Bitcoin Holdings, CEO Michael Saylor Hints at Further Acquisitions
Jan 22, 2025 at 05:15 pm
MicroStrategy, led by CEO Michael Saylor, is making headlines with another major Bitcoin purchase. Adding 11,000 BTC brings its holdings to a staggering 461
Business intelligence firm MicroStrategy Inc (NASDAQ:MSTR) is continuing its Bitcoin buying spree, adding 11,000 BTC to its already massive stash. This latest purchase brings the company’s total Bitcoin holdings to approximately 461,000 BTC, further solidifying its position as a crypto powerhouse.
MicroStrategy adds 11,000 BTC to its holdings
According to a regulatory filing on Thursday, MicroStrategy acquired the 11,000 BTC in the period between January 13th and February 8th. The company paid an average price of $101,191 per coin, reflecting a total cost of $1.1 billion.
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MicroStrategy began purchasing Bitcoin in August 2020, and its latest purchase marks the 11th consecutive week of BTC buying. The business intelligence firm is now sitting on a staggering $47.2 billion worth of the leading digital currency.
MicroStrategy shares were reported to have seen a slight decline in early trading on the news of the latest Bitcoin purchase. Nevertheless, the company remains one of the largest Bitcoin holders in the world.
After the recent purchase, MicroStrategy’s overall average purchase price for Bitcoin now stands at $63,610 per coin. This is a significant discount to the current market price of BTC, which hovered around $110,000 on Thursday.
MicroStrategy’s BTC Yield is also up 1.69% year-to-date 2025, and the company is aiming to hodl $461,000 BTC, which was acquired for approximately $29.3 billion at an average cost of $63,610 per bitcoin, as of 1/20/2025.
MSTR had acquired 11,000 BTC for ~$1.1 billion at ~$101,191 per bitcoin and achieved BTC Yield of 1.69% YTD 2025. As of 1/20/2025, we hodl 461,000 $BTC acquired for ~$29.3 billion at ~$63,610 per bitcoin. $MSTRhttps://t.co/SOgvMscghy
MicroStrategy to propose increasing authorised shares
Separately, MicroStrategy also said on Thursday that it will be proposing an increase in its authorised shares through a shareholder vote. The move is expected to help the company raise $2 billion via a preferred stock offering, which will then be used to fund further BTC purchases.
If approved, the share increase will notably expand MicroStrategy’s share count to facilitate its ongoing Bitcoin strategy. A shareholder vote on the proposal is yet to be scheduled.
The company’s CEO, Michael Saylor, has repeatedly highlighted MicroStrategy’s commitment to a long-term Bitcoin strategy. He recently hinted at additional acquisitions through cryptic posts that suggest continued accumulation of BTC.
The business intelligence firm raised over $40 billion in several equity offerings to finance its Bitcoin purchases and aims to accumulate even more digital assets in the coming years.
Analysts expect the shareholder proposal to pass despite the potential dilution of shares. Notably, Saylor controls about 47% of the voting power, which further increases the likelihood of approval. If approved, MicroStrategy will be able to surpass tech giants like NVIDIA, Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) in terms of shares.
MicroStrategy’s approach to BTC has attracted attention across the financial world, both for its aggressive strategy and its sheer scale. The company’s moves highlight a broader trend of institutional investment in cryptocurrency, but some critics have also questioned the sustainability of such a strategy.
As the cryptocurrency market continues to evolve, MicroStrategy’s actions will likely serve as a benchmark for institutional adoption of digital assets. The company remains a major player in the crypto space because of its aggressive acquisitions and a clear strategy.
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