MicroStrategy Now Owns 450 Thousand Bitcoin! Invested Another 243 Million Dollars - Coin Bulletin

robot
Abstract generation in progress

US-based software company MicroStrategy continues its Bitcoin investments unabated.

The company announced that it has purchased approximately 243 million dollars worth of 2,530 Bitcoin between January 6 and January 12, 2025. These purchases were financed with the income from the company's share sales.

MicroStrategy had initiated a program allowing the sale of up to $21 billion in shares as part of a sales agreement signed on October 30, 2024. During the share sales conducted between January 6-12, the company sold a total of 710,425 Class A shares, yielding approximately $243 million in net income. The company used all of this income for Bitcoin purchases.

With the recent purchases, MicroStrategy and its subsidiaries now hold a total of 450,000 Bitcoin. These Bitcoins were acquired at a total cost of 28.2 billion dollars, and the company's average purchase price per Bitcoin was recorded as 62,691 dollars.

MicroStrategy's share sale took place within the scope of the program it started in 2024. The company still has the opportunity to sell shares worth 6.53 billion dollars within this program. While the company continues to position Bitcoin as a store of value, this strategy is being followed by both institutional and individual investors.

BTC-1.19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)