MicroStrategy, the publicly listed company with the largest Bitcoin holdings, has once again set a record!
According to the latest filings with the U.S. Securities and Exchange Commission (SEC), MicroStrategy once again made a big move last week, purchasing 15,400 Bitcoins at an average price of $95,976, with a total expenditure reaching $1.5 billion.
This has pushed the company's Bitcoin holdings to over 400,000 coins, accounting for approximately 1.9% of the total Bitcoin supply, with a total value exceeding $38 billion at current market prices!
The major moves behind MicroStrategy's increased Bitcoin holdings.
MicroStrategy's recent actions are not random; the funds primarily come from the sale of 3,728,507 shares of stock by the company. This sale amount exactly matches the $1.5 billion spent on buying Bitcoin.
Currently, MicroStrategy still has $11.3 billion worth of stock that can be sold, which is part of the company's $21 billion stock issuance plan and fixed-income securities plan.
Company CEO Michael Saylor has stated that MicroStrategy's goal is to raise $42 billion over the next three years to support its continuously expanding Bitcoin investment strategy.
"Bitcoin returns" soar, and shareholders are smiling.
MicroStrategy continues to increase its Bitcoin holdings, which theoretically means shareholders' equity will be diluted, but the company also has a metric called "Bitcoin returns" to measure the changes in Bitcoin holdings relative to stock dilution.
According to the latest data, MicroStrategy's Bitcoin returns this year have reached 63.3%, which means that while shareholders face equity dilution, they can still achieve potential gains through the appreciation of Bitcoin.
Is MicroStrategy's Bitcoin strategy worth emulating?
This is already the fourth consecutive week that MicroStrategy has announced an increase in Bitcoin!
Looking at this operation, it can be said to be very aggressive, after all, the purchase cost per Bitcoin is already close to $58,263, with a total cost of approximately $23.4 billion (including fees, etc.).
However, MicroStrategy's strategy is not merely for short-term gains; it is actually building a long-term "Bitcoin reserve" through continuous purchases of Bitcoin.
Michael Saylor also recently suggested to Microsoft's CEO Satya Nadella that Microsoft should include Bitcoin in its financial reserve assets. Saylor explicitly stated, "Microsoft must not miss the next technological wave—Bitcoin."
It is evident that MicroStrategy's Bitcoin investment strategy is no longer a short-term speculative behavior but a long-term layout. Through reasonable fund allocation, flexible stock operations, and continuously increasing Bitcoin holdings, it may become a model for more institutional investors to learn from.
For investors, behind this action, besides a strong confidence in Bitcoin, it also reflects that the cryptocurrency market is gradually becoming a part of traditional financial institutions. As more companies join this trend, the stability and transparency of the entire market are expected to improve further.
