MicroStrategy, a prominent business intelligence firm, has made headlines once again by adding 1,070 Bitcoin to its impressive portfolio last week, a move that cost around $101 million. The company revealed this recent purchase in an SEC filing on January 6, stating that the average price for each Bitcoin was $94,004.
With this latest acquisition, MicroStrategy’s Bitcoin holdings have now surged to a staggering 447,470 BTC. The total investment in these assets amounts to approximately $27.97 billion, which includes various fees and expenses. Now, the average cost per Bitcoin stands at $62,503. Based on current market rates, the value of MicroStrategy’s Bitcoin stash exceeds $44 billion, representing about 2.1% of the total Bitcoin supply of 21 million coins.
Interestingly, MicroStrategy’s shares reached an all-time high in November but are trading at $352.03 in pre-market transactions on January 6. This latest acquisition aligns with the sale of 319,586 MicroStrategy shares, which also generated $101 million during the same timeframe. This is part of the company’s larger strategy of raising $21 billion through both equity and fixed-income methods, intended to finance further Bitcoin investments. Just last week, MicroStrategy expanded this initiative with a proposed offering of $2 billion in preferred stock.
Michael Saylor, co-founder and executive chairman of MicroStrategy, continues to champion Bitcoin as a key element of the company’s strategy. He has become a prominent figure advocating for Bitcoin, arguing that it is not just an investment but a part of something much bigger—a humanitarian movement. “If you accumulate a lot of wealth in Bitcoin and you just burn the keys when you leave, you are making a pro-rata contribution to everyone that owns Bitcoin in the world,” Saylor shared in a recent interview with Fox.
Despite facing skepticism from some critics regarding the company’s high premium compared to net asset value and its equity-and-debt-funded approach to Bitcoin acquisition, MicroStrategy has maintained significant support from the crypto community, reflecting strong investor confidence.
In a landscape where every move counts, MicroStrategy’s strategy might just inspire others to rethink their approach to Bitcoin investment, and Saylor’s insights into wealth and contribution resonate strongly in today’s financial climate.
