MicroStrategy Boosts Bitcoin Holdings with Another $1.1 Billion Acquisition

MicroStrategy, a well-known business intelligence company, has acquired a significant amount of $BTC. As per Lookonchain, MicroStrategy has recently spent nearly $1.1B to obtain 10,107 $BTC between the 21^st and 26^th of this month to enhance its Bitcoin holdings. The on-chain analytics platform revealed this Bitcoin acquisition on social media.

MicroStrategy bought another 10,107 $BTC($1.1B) at an average price of $105,596 between Jan 21 and Jan 26, 2025!#MicroStrategy currently holds 471,107 $BTC($46.7B), with an average buying price of $64,511.https://t.co/FDb3euaEG6 pic.twitter.com/gMfoka0wcr
— Lookonchain (@lookonchain) January 27, 2025

MicroStrategy Buys another $1.1B in $BTC to Bolster Bitcoin Holdings

Lookonchain disclosed that MicroStrategy has made another Bitcoin purchase of up to $1.1B. The platform reportedly carried out this $BTC acquisition at $105,596 as the average per-Bitcoin price. As a result of this acquisition, the cumulative $BTC holdings of the company have reached a remarkable 471,107 $BTC. This figure accounts for a $46.7B at present market prices.

The company reportedly funded this Bitcoin acquisition via its equity program called “At-the-Market.” In this respect, MicroStrategy sold almost 2.77M shares of the Class A common stock thereof. Hence, it generated total proceeds of up to $1.1B. This endeavor aligns with the platform’s strategy to utilize equity capital to carry out Bitcoin acquisitions.

MicroStrategy has reportedly been actively selling and issuing shares in line with the ATM program, letting it issue approximately $21B in shares. Therefore, as of the 26^th of January, up to $4.35B of its shares can still be issued as a part of this program. The latest $BTC purchase has raised the average price of MicroStrategy to $64,511 per $BTC while including expenses and fees. This highlights a total of $30.4B in investment in the top crypto asset.

Latest Acquisition Signifies MicroStrategy’s Unwavering Faith in Bitcoin

According to Lookonchain, with continuous $BTC purchases, MicroStrategy is solidifying its position as a leading Bitcoin investor. In addition to this, the exclusive Bitcoin acquisition underscores its firm belief in Bitcoin’s potential as a key treasury asset. Keeping this in view, MicroStrategy is poised to increase $BTC holdings to a further extent to enhance its influence in the market.