CryptoMicroStrategy accumulates additional 10,107 Bitcoin at over $105K per...

MicroStrategy accumulates additional 10,107 Bitcoin at over $105K per coin

-


Key Takeaways

  • MicroStrategy acquired 10,107 Bitcoin for $1.1 billion, averaging $105,596 per coin.
  • The firm’s Bitcoin holdings total 471,107 BTC worth over $46 billion at current prices.

Share this article

MicroStrategy announced Monday it had acquired 10,107 Bitcoin for $1.1 billion at an average price of $105,596 per coin between January 21 and 26, marking its twelfth consecutive week of Bitcoin purchases.

The Tysons, Virginia-based firm now holds 471,107 Bitcoin, valued at approximately $46.7 billion at current market prices. The company has invested about $30 billion in Bitcoin at an average price of $64,500 per coin.

Similar to previous weeks, MicroStrategy’s latest purchase was funded through stock sales. According to a Monday SEC filing, the firm sold 2,765,157 shares during the same period, generating $1.1 billion in net proceeds. The company retains $4.35 billion worth of shares available for sale under their sales agreement as of January 26.

The acquisition follows recent shareholder approval to increase authorized Class A common shares from 330 million to 10.3 billion and preferred stock from 5 million to 1 billion, securing 56% of votes. This move supports the company’s Bitcoin treasury strategy, which aims to raise $42 billion by 2027 for additional Bitcoin purchases.

MicroStrategy reported its Bitcoin yield, measuring Bitcoin representation per share, reached 2.9% year-to-date. The company’s shares declined about 5% at market close last Friday, per Yahoo Finance.

Share this article





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Top US Crypto Exchange by Trading Volume Coinbase Adds Support for Leading Cross-Chain Messaging Protocol Wormhole (W)

The top US crypto exchange platform by trading volume is abruptly adding support for Wormhole (W), causing the...

Plume Crypto Surges After Trump’s USD1 Integration: Will the Rally Last?

Plume crypto is up 22% in the past 24 hours following the integration of USD1. The stablecoin by...

Advertisement

SSK Makes Strong Debut as First US Solana Staking ETF, Logs $33M Volume

The first US Solana staking ETF has wrapped up its opening session with significant momentum. The new fund attracted...

Solana-focused BullX still exists despite allegations it ‘called it quits’

Someone earned hundreds of thousands of impressions with the claim that BullX or its CEO ‘called it quits,’...

Must read

You might also likeRELATED
Recommended to you