MicroStrategy Expands Bitcoin Holdings to 450,000 with $243M Investment

Highlights:

• MicroStrategy has purchased an additional 2,500 BTC, bringing its total coin holdings to 450,000 tokens.
• The investment firm raised the funds by selling some of its shares.
• With the latest acquisition, MicroStategy’s consistent Bitcoin purchase has extended into its tenth consecutive week.

Tysons, Virginia-based business intelligence and crypto investment firm, MicroStrategy, announced a new Bitcoin purchase. As usual, the investment firm reported its latest acquisition through a January 13 United States Securities and Exchange Commission (SEC) 8-K filing.

According to the filing details, the business intelligence company spent about $243 million during its latest purchase, spanning between January 6 and January 12. The fund was enough to add 2,530 tokens to MicroStategy’s Bitcoin reserve. It is worth noting that the investment platform bought the coins at an average rate of $95,972 per token and now boasts a 0.32% profit in its Year-to-Date investment returns.

MicroStrategy Raised Capital for the New Purchase by Selling the Company’s Shares

In the filing document, the investment platform mentioned that it raised the capital for the purchase by selling 710,425 MicroStrategy shares during the procurement window. It added that it still has $6.53 billion in sellable shares that can generate more funds for the company.

Notably, the available shares are part of MicroStrategy’s 21/21 Bitcoin procurement plans. The buying strategy announced around the last quarter of 2024 will help the investment firm raise $42 billion for Bitcoin purchases over three years. According to the company, it will raise half of the entire $42 billion from equity offerings. The remaining $21 billion will come from fixed-income entities like debts, convertible notes, and preferred stock.

Moreover, the newly acquired tokens raised MicroStrategy’s entire Bitcoin holdings to about 450,000 BTC. Since 2020, the company has been buying Bitcoin after recognizing its proven potential as a good store of value. Hence, it has spent $28.2 billion to purchase BTC over four years. Considering how the token’s price has evolved, MicroStategy’s entire purchase occurred at an average price of $62,691 per Bitcoin.

MicroStrategy’s Bitcoin Acquisitions Hits Consistent Levels

Possibly fuelled by positive sentiments from Donald Trump’s election victory, MicroStrategy has maintained a consistent Bitcoin purchase. For context, the latest acquisition marked the investment’s tenth consecutive weekly purchase. Before the most recent acquisition, the investment firm announced on January 6 that it bought 1,070 Bitcoin valued at about $101 million.

MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M

— Michael Saylor⚡️ (@saylor) January 6, 2025

Like the newly announced purchase, MicroStrategy funded the previous procurement by selling 319,586 shares. With a considerable number of shares still remaining, it implies that more purchases will happen in the future once the investment firm manages to raise another significant capital from selling its shares.

Aside from selling its shares, the business intelligence firm announced earlier this year, specifically on January 3, that it plans to raise $2 billion for its Bitcoin portfolio expansion project. It said that it would gather the capital via one or more public underwritten offerings of perpetual preferred stock.

MicroStrategy targets up to $2 billion capital raise through public offerings of perpetual preferred stock in the first quarter of 2025. $MSTR https://t.co/x1pbB8ArlH

— Michael Saylor⚡️ (@saylor) January 3, 2025

MicroStrategy mentioned that the perpetual preferred stock will senior its class A common stock. Additionally, it will have features like convertibility to MicroStrategy’s class A common stock, payment of cash dividends, and provisions allowing for redemptions of shares.

Moreover, Michael Saylor, a co-founder at MicroStrategy, has remained a major supporter of Bitcoin. The co-founder’s perception of BTC is evident in most of his X posts, where he always portrays Bitcoin investments as profitable business ventures.