MicroStrategy Expands Bitcoin Holdings by Over $1 Billion, Plans New Share Issuance for More Acquisitions
MicroStrategy continues its aggressive Bitcoin accumulation, adding 10,107 BTC valued at approximately $1.1 billion last week, while preparing to issue new shares to fund future purchases.
Highlights
- MicroStrategy acquired 10,107 bitcoins last week, investing around $1.1 billion.
- The company's total bitcoin holdings now reach 471,107 BTC, worth about $47 billion at current market prices.
- Shareholders recently approved increasing Class A common shares to 10.3 billion.
- MicroStrategy intends to offer 2.5 million new shares of its Series A Perpetual Strike Preferred Stock to finance further bitcoin acquisitions.
MicroStrategy (MSTR) remains steadfast in its strategy to build a substantial bitcoin treasury, recently investing over $1 billion to purchase an additional 10,107 bitcoins.
This latest purchase boosts MicroStrategy’s total bitcoin stash to 471,107 coins, reflecting the company's commitment to leveraging bitcoin as a primary treasury asset.
The company has consistently funded these acquisitions through equity sales and debt issuance, marking the twelfth consecutive week of bitcoin purchases. Last week alone, approximately 2.76 million shares were issued to support these investments.
In conjunction with these moves, MicroStrategy shareholders approved increasing the authorized Class A common shares to 10.3 billion and preferred stock shares to 1 billion. The company also announced plans to offer 2.5 million shares of Series A Perpetual Strike Preferred Stock to further finance bitcoin buying.
MicroStrategy’s aggressive accumulation strategy has set a precedent for other publicly traded companies like Marathon Digital (MARA) and Semler Scientific (SMLR), though it has drawn attention due to the significant debt leveraged for these purchases.
Despite its bitcoin-focused approach, MicroStrategy’s stock recently declined by 4%, with bitcoin prices dropping below $100,000 amid wider market sell-offs in crypto and equities.
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