MicroStrategy's Bold Move into Bitcoin

In a significant expansion of its digital assets, MicroStrategy Incorporated, now known as Strategy, has acquired an additional 7,633 Bitcoin. This acquisition, made between February 3 and February 9, involved a cash investment of approximately $742.4 million, as disclosed in a recent SEC filing.

Strategic Investment Details

The company, positioning itself as the premier Bitcoin Treasury Company globally, secured these Bitcoins at an average price of about $97,255 each, inclusive of fees and expenses. The funding for this substantial purchase was sourced from the proceeds of issuing and selling 516,413 company shares for around $179 million, alongside a public offering of its Series A Perpetual Strike Preferred Stock, which raised approximately $563.4 million.

MicroStrategy's Growing Bitcoin Holdings

Following this latest acquisition, Strategy and its subsidiaries boast a total of approximately 478,740 Bitcoins. These holdings, acquired at an aggregate purchase price of around $31.1 billion, reflect an average purchase price of about $65,033 per Bitcoin, including fees and expenses.