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MicroStrategy buys 11,000 Bitcoin for $1.1 billion, boosting holdings to 461,000 BTC

Key Takeaways

  • MicroStrategy’s Bitcoin holdings surge to 461,000 BTC, now valued at $48 billion, following a new acquisition.
  • The firm funded its latest Bitcoin purchase through stock sales.

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MicroStrategy said Monday it had acquired 11,000 Bitcoin worth $1.1 billion between January 13 and 20, executing the purchase at an average price of $101,191 per coin. The move marks the company’s eleventh week in a row of Bitcoin acquisitions.

The latest addition brings MicroStrategy’s total Bitcoin holdings to 461,000 BTC, valued at $48 billion at current market prices. The company has invested approximately $29 billion in its Bitcoin holdings at an average price of $63,610.

The Tysons, Virginia-based firm funded the purchase through stock sales, according to a Monday SEC filing. MicroStrategy sold 3,012,072 shares between January 13 and 20, generating $1.1 billion in net proceeds. The company maintains $5.4 billion worth of shares available for sale under their sales agreement as of January 20.

MicroStrategy buys 11,000 Bitcoin for $1.1 billion, boosting holdings to 461,000 BTC

The purchase follows a hint from MicroStrategy co-founder Michael Saylor about another Bitcoin acquisition last Sunday. It’s also part of the company’s goal to raise $42 billion to fund these purchases.

MicroStrategy reported its Bitcoin yield, which measures the amount of Bitcoin each share represents over time, has reached 1.69% year-to-date.

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