MicroStrategy, a prominent business intelligence company, has made another significant acquisition of Bitcoin, purchasing 2,530 BTC for approximately $243 million. According to an SEC filing, the purchase was made at an average price of $95,972 per coin. This latest purchase brings the company’s total Bitcoin holdings to 450,000 BTC, valued at around $28.2 billion at the current market prices, with an average acquisition cost of $62,691 per Bitcoin, including associated fees and expenses.
The acquisition was funded through the sale of 710,425 shares of MicroStrategy’s Class A common stock between January 6 and January 12, 2025, as part of an ongoing Sales Agreement. This stock sale generated net proceeds of about $243 million, which were then reinvested into acquiring additional Bitcoin.
As of January 12, 2025, the filing indicates that approximately $6.53 billion worth of shares remain available for future issuance and sale under this agreement. MicroStrategy’s continued use of its at-the-market share offering program highlights its strategy of leveraging equity sales to bolster its Bitcoin holdings, reinforcing its commitment to Bitcoin as a primary treasury reserve asset.
MicroStrategy’s ongoing Bitcoin acquisition strategy has made the company one of the largest corporate holders of Bitcoin in the world. The company’s cumulative Bitcoin holdings, now totaling about 450,000 BTC, demonstrate its long-term belief in Bitcoin’s potential as a store of value and a hedge against inflation.
The company also reported a BTC Yield of 0.32% for the period from January 1 to January 12, 2025, which measures the percentage change in the ratio between MicroStrategy’s Bitcoin holdings and its Assumed Diluted Shares Outstanding over that specific period. This key performance indicator helps to gauge the company’s overall return on its Bitcoin holdings relative to its share count.
This purchase adds to MicroStrategy’s growing Bitcoin portfolio, which has been an integral part of its corporate strategy. The company’s leadership, including CEO Michael Saylor, has consistently stated that Bitcoin serves as a critical asset for the company’s treasury, and it has continued to build its position despite fluctuations in Bitcoin’s price.
MicroStrategy’s commitment to Bitcoin as a strategic asset has set it apart from other companies in the tech sector. While many businesses hold small amounts of Bitcoin as part of their balance sheets, MicroStrategy’s aggressive acquisition strategy and reliance on Bitcoin as a treasury reserve have garnered attention in both the business and cryptocurrency worlds.
In addition to the direct impact on its balance sheet, MicroStrategy’s continued investment in Bitcoin highlights the growing institutional acceptance of cryptocurrency as a legitimate asset class. By utilizing its Sales Agreement and other mechanisms to fund Bitcoin purchases, the company is not only strengthening its balance sheet but also signaling its belief in Bitcoin’s long-term value proposition.
As the world’s leading business intelligence firm increasingly ties its financial future to Bitcoin, all eyes will be on how the market evolves and whether other corporate players follow suit in adopting Bitcoin as a key treasury reserve asset. With approximately $6.53 billion in shares available for future Bitcoin acquisitions, it seems likely that MicroStrategy will continue to expand its position in the cryptocurrency, reinforcing its long-term strategy in the space.
