The post Microstrategy Purchased 1,070 BTC for $101 Million appeared first on Coinpedia Fintech News
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.
The company holds 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin.
Companys’s Bitcoin Buying Strategy
Under the leadership of co-founder michael saylor
michael saylor
Michael J. Saylor is an enthusiastic blockchain influencer and a splendid leader. He is an entrepreneur and business executive who co-founded Microstrategy, he is chairman and CEO of the same Microstrategy. He is a vocal advocate of Bitcoin. He is highly skilled in enterprise software and also has a rich knowledge of numerous fields, including analytics, data warehouses, leadership, SaaS, management, cloud computing, startups, professional services, enterprise architecture, mobile devices, and many more.
Location: United States
Education :
He graduated from MIT in 1987 with a double major in aeronautics, science, technology, and society.
Experience:
He has been an Executive Chairman & Founder at MicroStrategy from Aug 2022 – Present
He was also Chairman, CEO & Founder of MicroStrategy from Oct 1989 to Aug 2022
Skills: Buisness Intelligence and Data warehousing
Net Worth: Saylor’s net worth is about $4.6 billion, according to Forbes. He also held 2.4 million shares of MicroStrategy
Events Attended: Bitcoin 2024 Nashville and BTC prague
msaylor@microstrategy.com
EntrepreneurCrypto and Blockchain ExpertAuthor
Business Intelligence
has consistently added Bitcoin to its reserves, fueled by another major acquisition. For nine straight weeks, the company has hinted at increasing its Bitcoin reserves, aligning with its bold 21/21 plan.
The company is following its 21/21 plan, aiming to buy $42 billion worth of Bitcoin. It plans to achieve this by raising $21 billion through equity and $21 billion through fixed-income securities.
Since launching this strategy, MicroStrategy has already bought over 194,000 BTC, worth about $18 billion, reaching 42% of its goal in just two months.
MicroStrategy’s New Stock Offering
To fund its aggressive Bitcoin buying strategy, MicroStrategy has used loans and convertible notes in the past. Now, it plans to issue perpetual preferred stock this quarter. However, this offering depends on market conditions and the company’s final decision.
The preferred stock will be “senior” to regular shares, meaning stockholders will have priority if the company goes bankrupt or liquidates its assets.
Explore how growing Bitcoin adoption impacts the market—Read Bitcoin price prediction for insights on the next big surge!
Impact on MicroStrategy’s Stock (MSTR)
In addition, MicroStrategy’s inclusion in the Nasdaq 100 has strengthened its position in both the crypto and traditional financial markets. This achievement could attract billions of dollars from passive fund investments.
At the same time, the bitcoin buying approach has truly benefited MicroStrategy’s stock, with shares soaring 13% and currently trading at $339.
Its ongoing commitment to acquiring Bitcoin has solidified its position as a key player in the crypto market, with Saylor’s posts becoming a closely watched indicator of future purchases.
Also Read : Metaplanet Raises ¥9.5B to Expand Bitcoin Holdings: 10k by 2025? ,
FAQs
The company holds 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin.
MicroStrategy has earned a spot on the Nasdaq-100 list, but analysts suggest it is unlikely to join the S&P 500 index in the near future.