$BTC #MicroStrategyAcquiresBTC MicroStrategy has been aggressively expanding its Bitcoin holdings, becoming one of the largest corporate holders of the cryptocurrency. Here are the facts:
Total Holdings: As of January 27, 2025, MicroStrategy held approximately 471,107 Bitcoin, representing over 2% of the total Bitcoin supply.
Recent Acquisitions: In the week leading up to January 27, 2025, MicroStrategy acquired an additional $1.1 billion worth of Bitcoin, bringing their total investment to approximately $27.954 billion at an average purchase price of $62,473.01 per Bitcoin.
Funding Strategy: To finance these purchases, MicroStrategy has used a variety of capital raising tools, including an at-the-market equity offering and issuing convertible senior notes. They have announced plans to offer permanent preferred stock with a fixed coupon of 8% to continue funding Bitcoin acquisitions.
Market Influence: MicroStrategy’s significant Bitcoin purchases have been noted to influence Bitcoin market dynamics, with their acquisitions often correlating with Bitcoin’s price movements.
The move underscores MicroStrategy’s commitment to Bitcoin as a primary cash reserve asset, reflecting a bold corporate strategy in the volatile crypto market
