MicroStrategy Increases Its Bitcoin Holdings to 471,107 BTC, Valued at Over $46 Billion

The business intelligence firm that has become one of the largest corporate holders of bitcoin, has completed the purchase of 10,107 BTC for approximately $1.1 billion.

MicroStrategy, a business intelligence firm, has disclosed the purchase of 10,107 BTC in a recent SEC filing. This acquisition, made between January 21 and 26, cost the company approximately $1.1 billion, at an average price of $105,596 per bitcoin.

With this new addition, MicroStrategy's total bitcoin holdings now stand at 471,107 BTC, valued at over $46 billion. The company's sustained bitcoin investments, now amounting to $30.4 billion at an average price of $64,511 per coin, have made MicroStrategy one of the largest holders of bitcoin, boasting over 2.2% of the total 21 million coin supply.

The recent purchase is part of a broader strategy to fund ongoing bitcoin acquisitions. To achieve this, MicroStrategy sold 2,765,157 of its own shares, generating funds that were also directed towards acquiring more cryptocurrencies. As of January 26, the company still has around $4.35 billion in shares to continue executing its “21/21 plan,” which aims to raise $42 billion to acquire more bitcoin.

Furthermore, MicroStrategy's shareholders approved key amendments that will increase the number of authorized Class A and preferred shares. This move is intended to facilitate bitcoin acquisitions without encountering additional restrictions.

In a complementary step, MicroStrategy also announced the redemption of $1.05 billion in 2027 convertible bonds, utilizing its own shares to cover the conversions. This measure is significant as the company continues to navigate the uncertainty surrounding the tax treatment of its bitcoin holdings under new FASB accounting rules.

MicroStrategy's enduring focus on bitcoin is evident in its long-term strategy. In recent months, the company has channeled nearly $20 billion into the cryptocurrency, with consistent purchases over the past 12 consecutive weeks. These actions underscore MicroStrategy's deep conviction in bitcoin's future potential.

Despite a 5.2% decline in its stock value on Friday, which closed at $353.67, MicroStrategy's stock has experienced an impressive 681% increase in value over the past year, reflecting investor confidence in the company's strategy.