Key Takeaways
- MicroStrategy purchased 2,530 BTC for $243 million.
- The firm's Bitcoin holdings now exceed 450,000 BTC.
- MicroStrategy aims to acquire $42 billion in Bitcoin via its 21/21 plan.
Continuing its aggressive Bitcoin purchasing strategy, MicroStrategy has acquired an additional 2,530 BTC for $243 million.
This brings the firm’s total Bitcoin holdings to over 450,000 BTC, according to a recent press release.
The average acquisition price for this latest purchase was $95,972 per Bitcoin.
Long-term strategy impact
This move aligns with MicroStrategy’s long-term strategy, initiated in August 2020, of using Bitcoin as its primary treasury reserve asset.
Over the years, this approach has positively impacted the firm’s performance, with its stock (MSTR) reaching an all-time high of $473 in November 2024, driven by Bitcoin’s historic rise to six figures.
Funding & future plans
To fund this latest acquisition, MicroStrategy sold 710,425 of its shares, equating to the $243 million spent.
The firm also announced that it has $6.53 billion worth of shares remaining for sale under its 21/21 plan.
This ambitious initiative aims to raise $21 billion in equity and $21 billion through fixed-income securities to acquire over $42 billion worth of Bitcoin.
Saylor’s commitment
Michael Saylor remains committed to Bitcoin as a central asset for MicroStrategy, with the company continuing its dominance as one of the largest institutional holders of Bitcoin globally.
