tl;dr
MicroStrategy made a significant purchase of 10,100 BTC for $1.1 billion just before a 6% drop in Bitcoin's value below $100,000. This acquisition comes after a prior purchase of 11,000 BTC, bringing their total holdings to an estimated 471,100 BTC valued at around $46 billion. The company financed ...
MicroStrategy made a significant purchase of 10,100 BTC for $1.1 billion just before a 6% drop in Bitcoin's value below $100,000. This acquisition comes after a prior purchase of 11,000 BTC, bringing their total holdings to an estimated 471,100 BTC valued at around $46 billion. The company financed these purchases through stock sales, and shareholders voted to increase authorized Class A common shares. The firm's co-founder, Michael Saylor, indicated a continued focus on a Bitcoin-centric treasury strategy.
MicroStrategy bought an additional 10,100 BTC for $1.1 billion at an average price of $105,596, just before a 6% dip below $100,000. This purchase comes days after the firm’s prior 11,000 BTC acquisition, which elevated its total stash to 461,000 BTC at an average cost of $63,610. The latest transaction brings MicroStrategy’s holdings to an estimated 471,100 BTC, now valued at around $46 billion based on current market data. The company has financed recent purchases through stock sales, generating the $1.1 billion required. Shareholders also voted to increase authorized Class A common shares from 330 million to 10.3 billion, described in a Bloomberg report. Michael Saylor, co-founder of MicroStrategy, recently teased this purchase, hinting on social media that the firm remains focused on a Bitcoin-centric treasury strategy amid President Trump’s move toward a ‘digital asset stockpile’ instead.