MicroStrategy buys another $1.1b Bitcoin

MicroStrategy announced a Bitcoin purchase for the twelfth consecutive week, while also unveiling a new stock offering to finance additional crypto acquisitions.

MicroStrategy, the world’s largest corporate Bitcoin (BTC) holder, increased its holdings to a staggering 471,101 tokens after completing its second purchase during President Donald Trump’s administration.

The company invested another $1.1 billion in BTC, acquiring 10,101 BTC at an average price of $105,596, according to a disclosure filing shared by MicroStrategy executive chairman Michael Saylor.

Saylor’s firm, which began purchasing BTC in 2020, has spent $30.4 billion accumulating its massive Bitcoin treasury. The stockpile was valued at nearly $50 billion at press time, with BTC trading around $100,000 following a 4% price drop on Jan. 27 due to a stock market correction.

MicroStrategy’s new STRK

Increasing its Bitcoin holdings was not the only announcement from MicroStrategy this week. Saylor also revealed the launch of STRK, a mixed securities offering available to institutional investors and select retail buyers.

The mixed securities offering is a flexible financial vehicle that allows companies to offer multiple investment contract options under a single filing. Through STRK, MicroStrategy can present investors with securities such as preferred stock or common stock to raise capital.

According to Saylor, the proceeds from STRK will be used to purchase additional Bitcoin and for general corporate purposes. The initiative is likely part of Saylor’s “21/21” plan, which expects to invest $42 billion into Bitcoin by 2028 and further cement the company’s position as the largest BTC holder.

So far, shareholders appear supportive of Saylor’s vision. Last week, shareholders voted to increase the number of authorized Class A common shares by 30 times to enable capital raising.