MicroStrategy’s Bitcoin Holdings Surge to 461,000 BTC

MicroStrategy, a global leader in business analytics and the largest Bitcoin-holding corporation, has strengthened its position with the acquisition of 11,000 BTC. Valued at approximately $1.1 billion, the purchase was executed at an average price of $101,191 per coin, as disclosed in an SEC filing. The transaction occurred between January 13 and January 20, 2025.

To finance the acquisition, MicroStrategy issued and sold 3,012,072 shares, matching the investment amount. The company also stated that $5.42 billion in shares remain available for future sales under its $21 billion fundraising plan. The comprehensive $42 billion funding initiative includes equity and fixed-income securities, designed to facilitate further Bitcoin purchases.

Earlier this month, MicroStrategy introduced a bold move in its funding strategy: the potential issuance of $2 billion in preferred stock. Analysts anticipate this could attract institutional heavyweights, including banks, insurers, and pension funds.

The company currently holds 461,000 BTC, valued at upwards of $48 billion. The average price per Bitcoin stands at $63,610, with cumulative acquisition costs, including fees, totaling $29.3 billion. Michael Saylor, MicroStrategy’s co-founder and board chairman, proudly stated that the company controls over 2% of Bitcoin’s total supply cap of 21 million coins.

Another Week, Another Bitcoin Purchase for MicroStrategy

MicroStrategy continues to solidify its position as a leading corporate Bitcoin holder. Last week, it acquired 2,530 BTC for $243 million, paying an average of $95,972 per coin. This follows the company’s previous Bitcoin purchase worth $101 million the week before.

In recent months, MicroStrategy has invested nearly $19 billion into Bitcoin. Despite this, the company’s market cap sits at $97.7 billion—well above the total value of its BTC reserves.

Related: Unpacking MicroStrategy’s Bitcoin Strategy and Its Risks

The strategy has drawn scrutiny from certain investors, who remain unconvinced about the high premium and the reliance on equity sales and leveraged funds to fuel Bitcoin purchases.