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

Bitcoin breaks $93,000 amid rumors that Saudi, UAE, or Qatar is buying

With bitcoin exceeding $93,000, rumors of nation-state buying are circulating feverishly. Saudi Arabia, UAE, and Qatar are the...

Colle AI’s iOS App Launch Brings Multichain NFT Creation to Mobile

February 03, 2025 1:00 AM EST | Source: Kaj Labs London, United Kingdom--(Newsfile Corp. - February 3, 2025) -...

7 Best Hair Masks, Tested and Reviewed (2025)

You might see some or all of these words buzzing around the hair mask scene. Here’s a bit...

Finance Chief Claims Pinoys Have Invested ₱6 Trillion Into Crypto

The Philippines’ massive crypto investments — estimated at ₱6 trillion ($107 billion) as per Finance Secretary Ralph Recto...

Advertisement

Crypto Liquidations Explode to Over $2.2 Billion as Bitcoin Dumped by $10K Daily

The geopolitical uncertainty started by the new US president over the weekend took its toll on the crypto...

CHART: The growth of WBTC competitors

Since WBTC announced that Justin Sun would be involved in custody, several competitors have launched or taken advantage...

Must read

Bitcoin breaks $93,000 amid rumors that Saudi, UAE, or Qatar is buying

With bitcoin exceeding $93,000, rumors of nation-state buying...

Colle AI’s iOS App Launch Brings Multichain NFT Creation to Mobile

February 03, 2025 1:00 AM EST | Source:...

You might also likeRELATED
Recommended to you