Outside Source
MicroStrategy acquired 10,107 BTC at a price of approximately $1.1 billion between Jan. 21 and Jan. 26, with an average purchase price of $105,596.
News
MicroStrategy has acquired an additional 10,107 Bitcoin for around $1.1 billion, its co-founder Michael Saylor announced on Jan. 27.
This brings the world’s largest corporate Bitcoin holder’s balance to 471,107 Bitcoin (BTC).
Saylor’s announcement came during pre-market trading hours on Jan. 27, as Bitcoin fell below the $100,000 mark for the first time since US President Donald Trump took office.
Source: Michael Saylor
MicroStrategy has adopted an aggressive Bitcoin accumulation strategy, which started with a 21,454 BTC purchase in August 2020 via corporate cash.
He has since turned to debt issuance like convertible notes and senior secured notes to fund his Bitcoin shopping spree.
In December 2024, MicroStrategy proposed increasing its common stock to 10.33 billion shares and its preferred stock to 1.005 billion shares, allowing the flexibility to raise capital as needed.
Related: MicroStrategy’s Bitcoin debt loop: Stroke of genius or risky gamble?
This is a developing story, and further information will be added as it becomes available.
This article first appeared at Cointelegraph.com News
