Michael Saylor’s MicroStrategy Acquires 10,107 BTC, MSTR Stock Drops
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Michael Saylor’s MicroStrategy has made its twelfth Bitcoin purchase in as many weeks. The company announced that it had acquired 10,107 BTC for $1.1 billion, bringing its total holdings to 471,107 BTC. Meanwhile, the MSTR stock has declined despite this recent purchase. Michael Saylor’s MicroStrategy Acquires 10,107 BTC In a press release, MicroStrategy announced that it had acquired 10,107 BTC for $1.1 billion at an average price of $105,596 per bitcoin and has achieved a BTC yield of 2.90% year-to-date (YTD). The company holds 471,107 BTC, which it acquired for $30.4 billion at an average price of $64,511 per bitcoin. This is the company’s twelfth purchase in as many weeks. Last week, the software company announced that it had acquired 11,000 BTC for $1.1 billion. The company is expected to acquire more Bitcoin in the long term, as its shareholders recently voted to increase its share capital to aid the Bitcoin strategy. This will aid in solidifying MicroStrategy’s position as the public company with the largest BTC holding. The MSTR stock price failed to react positively to the development of this recent Bitcoin purchase. Nasdaq data shows the stock is down over 4% in the pre-trading market. However, this decline is due to the bearish sentiment in the broader financial market. Alongside the broader crypto market, crypto stocks like MARA, COIN, and MSTR have crashed on China’s DeepSeek jitters. MicroStrategy Files For Mixed Securities Shelf MicroStrategy has filed for a mixed securities shelf to raise funds to acquire more Bitcoin and support the company’s corporate activities. Meanwhile, as part of the company’s fundraising efforts, it also recently announced a proposed stock offering. The company revealed that it intends to use the net proceeds from the public offering for general corporate purposes, including the acquisition of Bitcoin and for working capital.…
Filed under: News - @ January 27, 2025 6:18 pm