MicroStrategy Acquires 2,138 Bitcoin for $209 Million

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Business intelligence giant MicroStrategy has once again demonstrated its unwavering commitment to Bitcoin, purchasing an additional 2,138 BTC for $209 million.

The latest acquisition boosts the company’s already substantial holdings of the world’s largest cryptocurrency.

Details of the Latest MicroStrategy Purchase

In an announcement on Dec. 30, MicroStrategy revealed that it acquired the Bitcoin between Dec. 23 and Dec. 29, using $209 million in cash reserves. The purchase was made at an average price of $97,837 per Bitcoin. To fund the acquisition, the company sold 592,987 shares during the same period, according to regulatory filings.

https://twitter.com/saylor/status/1873716433919803868

This marks the eighth consecutive week that MicroStrategy has made Bitcoin purchases, highlighting its consistent accumulation strategy. Since Oct. 31, the firm has added a staggering 194,180 BTC to its holdings. However, the pace of acquisition has slowed compared to November, when the company purchased over 100,000 BTC.

Bitcoin Performance and Year-End Metrics

MicroStrategy also reported impressive year-to-date performance for its Bitcoin holdings, with a yield of 74.1% as of Dec. 30. The companyâ€™s Bitcoin yield for the fourth quarter stood at 47.8%, underscoring the strong performance of its crypto investment strategy during this period.

Also read: Bitcoin Strategic Reserve Explained

Michael Saylor, co-founder and executive chairman of MicroStrategy, hinted at the acquisition ahead of the formal announcement. On Dec. 29, Saylor teased the Bitcoin purchase via his SaylorTracker, a platform dedicated to monitoring MicroStrategyâ€™s Bitcoin transactions. Known for his bullish stance, Saylor has reiterated that the company will continue acquiring Bitcoin regardless of price fluctuations, even envisioning purchases at a $1 million price point.

Expanding Flexibility for Future Bitcoin Investments

In a move to prepare for future acquisitions, MicroStrategy has sought regulatory approval to increase the number of authorized shares for its Class A common stock and preferred stock. A Dec. 23 filing with the U.S. Securities and Exchange Commission revealed the companyâ€™s plans to raise the authorized Class A common stock from 330 million shares to 10.33 billion shares. Similarly, the authorized preferred stock would increase from five million to more than one billion shares.

Also read: Prosper Accelerates Bitcoin Hashrate Tokenization with Acquisition of 7K BITMAIN ASIC Miners

This expanded flexibility would allow MicroStrategy to issue additional shares to fund its Bitcoin investment strategy when needed.

A Long-Term Vision for Bitcoin

MicroStrategyâ€™s commitment to Bitcoin remains unparalleled, with the company firmly entrenched as one of the largest corporate holders of the cryptocurrency. While its aggressive accumulation strategy has drawn attention, it also reflects a broader trend among institutional investors increasingly embracing Bitcoin as a long-term asset.

Also read: Bitcoin Breaks $100K: US Investors Grapple with Gains, FOMO, and Future Hopes

As 2025 approaches, all eyes will be on MicroStrategy to see how its Bitcoin-centric strategy evolves in an ever-changing crypto landscape.

Author

Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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