MicroStrategy Buys 10,107 BTC, Total Now 471,107 BTC: Report

• MicroStrategy buys 10,107 Bitcoin for $1.1B, increasing its total holdings to 471,107 BTC.
• The firm financed the purchase by selling 2.76M shares under its $21B “21/21 plan.”
• MicroStrategy leads corporate Bitcoin adoption with an aggressive accumulation strategy.

MicroStrategy has purchased 10,107 additional Bitcoin at a cost of $1.1 billion. On January 27, the company’s co-founder, Michael Saylor, stated that the total number of Bitcoins owned by the firm had been increased to 471,107. The decision was made pre-market, and it is critical for the firm that is the owner of the biggest number of Bitcoins among other corporations.  

Consistent Buying Strategy

This is the 12th week in a row that MicroStrategy has bought Bitcoin. The company’s strategy started in August 2020, when it purchased 21,454 BTCs using corporate cash. Since then, MicroStrategy has had to resort to debt, especially convertible and senior secured notes, to continue its aggressive acquisition strategy.

MicroStrategy used its October 2024 “21/21 plan” to finance it. This agreement gives the company the right to offer and sell Class A common stock to raise $21 billion. Between January 21 and January 26, the firm sold over 2.76 million shares to raise about $1.1 billion to purchase Bitcoins.

Michael Saylor’s Vision

The company retains significant flexibility for future funding. Despite the sales agreement, MicroStrategy could still issue additional shares. In December 2024, the firm suggested raising the common stock to 10.33 billion shares and the preferred stock to 1.005 billion to secure long-term capital.

Michael Saylor, a known supporter of Bitcoin, hinted at the acquisition on social media on 26 January. This vision has made MicroStrategy look more like a Bitcoin treasury with a clear mission to hold cryptocurrency long-term.  

Related: Bitcoin Hits Record High as MicroStrategy’s Saylor Eyes BTC Buy

MicroStrategy’s aggressive Bitcoin purchase strategy has encouraged many other companies globally. This success shows the promise of cryptocurrency as a corporate asset, which should signal more institutional take-up.  

Through this acquisition, MicroStrategy remains the pace-setter in institutions’ large-scale purchases of Bitcoin. The company’s actions show how cryptocurrency is becoming a more common part of corporate finance as Bitcoin continues to gain importance in the world economy.

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