MicroStrategy Expands Bitcoin Holdings Acquiring 1,070 BTC
MicroStrategy Incorporated (Nasdaq: MSTR), a business intelligence software company, has continued its active Bitcoin acquisition strategy, acquiring 1,070 BTC for $101 million at $94,004 per bitcoin.
In a filing the firm states it has achieved BTC yield of 48.0% in the fourth quarter of 2024 and 74.3% in the full year 2024. As of January 5, the firm holds 447,470 BTC acquired for $27.97 billion at $62,503 per bitcoin.
MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M
— Michael Saylor⚡️ (@saylor) January 6, 2025
MicroStrategy Plans Additional $2B Stock Offering
On January 3, MicroStrategy, announced plans to raise another $2 billion through a perpetual preferred stock offering. The funds are intended to strengthen its balance sheet and further expand its Bitcoin holdings, aligning with the company’s ambitious “21/21” plan.
The new offering is separate from MicroStrategy’s existing strategy to raise $21 billion in equity and $21 billion in fixed-income instruments, the Bitcoin-stacking business intelligence firm explained.
Source: cryptonews.com
