MicroStrategy Acquired 11k Bitcoins for About $1.1 Billion Ahead of Jan 21st Major Shareholder’s Vote

Updated on Jan 21, 2025 at 4:52 pm UTC by · 3 mins read

MicroStrategy continues its aggressive Bitcoin acquisition strategy, adding 11,000 BTC worth $1.1 billion to its holdings through strategic stock sales.

MicroStrategy Inc (NASDAQ: MSTR), a major Bitcoin BTC $94 655 24h volatility: 0.4% Market cap: $1.88 T Vol. 24h: $23.44 B investor through leveraging global capital markets, has announced another addition to its crypto trove. The large-cap company, with a valuation of about $97.7 billion, announced on Tuesday that it acquired around 11k Bitcoins for about $1.1 billion between January 13, 2025, and January 20, 2025.

As a result, MicroStrategy now holds approximately 461k Bitcoins, worth about $47 billion at the time of this writing. Having spent about $29.3 billion at an average price of around $63,610, the firm is sitting on an unrealized profit of about $17.7 billion.

According to the company’s SEC filing, an aggregate of 3,012,072 shares were sold between Jan 13 and 20, under the previously disclosed Sales Agreement on October 30, 2024, to raise $21 billion. Consequently, MicroStrategy has about $5.42 billion worth of shares available at its disposal to sell and purchase more Bitcoins in the near term.

However, as Coinspeaker previously reported, MicroStrategy’s shareholders will take part in a proposed amendment to increase the company’s Class A common stock from 330 million to 10.3 billion.

With the firm having demonstrated a robust Bitcoin strategy, the odds of shareholders’ approval remain high. Moreover, MicroStrategy has reported a BTC Yield of 1.69 percent between January 1, 2025, and January 20, 2025.

Meanwhile, MicroStrategy has also been expanding its cloud services, especially in Europe through a recent strategic partnership with STACKIT.

Impact of MicroStrategy’s Bitcoin Strategy

The impact of MicroStrategy’s Bitcoin strategy is visible across different sectors. For instance, the company’s relentless Bitcoin acquisition has convinced other companies, led by Metaplanet Inc. (Tokyo:3350), to follow in the same direction to hedge against inflation.

Earlier today, KULR Technology Group Inc (NYSE: KULR), a leader in advanced energy management platforms, announced the purchase of $8 million worth of Bitcoins to currently hold about 510 coins.

The mainstream adoption of digital assets has helped reduce the supply of centralized exchanges in the recent past. As of this writing, the overall supply of Bitcoins on CEXes hovered about 2.19 million, down from over 2.7 million a year ago.

More institutional investors are betting on the implementation of a strategic Bitcoin reserve by the United States under the Donald Trump administration. Furthermore, more states – led by Texas, Massachusetts, and Utah – have introduced proposals for a strategic BTC reserve.

Consequently, Bitcoin price may continue in a bullish trend in the coming years, as cash moves from traditional investment products such as Gold ETFs to BTC products. From a technical standpoint, Bitcoin price is on a multi-year rising trend, with zero chances of ever going to zero.

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