MicroStrategy's financial statements or SEC filings

MicroStrategy Acquires 11,000 Bitcoins for $1.1 Billion at $101,191 Each, Shareholders Approve Share Increase

Jan 21, 2025, 03:14 PM

MicroStrategy Inc. has acquired an additional 11,000 bitcoins for approximately $1.1 billion, at an average price of $101,191 per bitcoin, according to a recent filing with the U.S. Securities and Exchange Commission. This purchase, made between January 13 and January 20, 2025, brings the company's total bitcoin holdings to 461,000, valued at around $29.3 billion, with an average acquisition cost of $63,610 per bitcoin. Concurrently, MicroStrategy shareholders have approved an increase in the company's authorized Class A common shares from 330 million to 10.3 billion, with a 55.8% approval rate. This expansion is aimed at facilitating future fundraising efforts to support further bitcoin acquisitions, aligning with the company's strategy to bolster its cryptocurrency reserves.