MicroStrategy Bitcoin update shows $110M purchase as company adds 1,045 BTC to treasury

MicroStrategy, the world’s largest corporate Bitcoin holder, has made headlines again with its latest MicroStrategy Bitcoin update. The company purchased an additional 1,045 BTC for $110.2 million, reinforcing its unwavering commitment to Bitcoin as a treasury asset.

MicroStrategy bitcoin update: $110M purchase fuels bullish momentum

In a Monday SEC filing, MicroStrategy revealed its newest acquisition, 1,045 Bitcoin at an average price of $105,426 per coin. This MicroStrategy bitcoin update brings the company’s total holdings to a staggering 582,000 BTC, worth approximately $40.8 billion. The purchase marks MicroStrategy’s ninth consecutive week of Bitcoin accumulation, showcasing its relentless strategy despite BTC’s near all-time high prices.

At the time of writing, Bitcoin trades at $107,640, just 3.9% below its May peak of $112,000. Analysts suggest that MicroStrategy’s latest move signals strong institutional confidence in Bitcoin’s long-term value.

MicroStrategy bitcoin update follows Saylor’s bullish hints

This MicroStrategy bitcoin update comes days after executive chairman Michael Saylor hinted at another major purchase. Known for his vocal Bitcoin advocacy, Saylor has transformed MicroStrategy from a business intelligence firm into the leading corporate BTC holder, amassing over 2.75% of Bitcoin’s total supply.

The company’s aggressive accumulation began in August 2020 with an initial $250 million purchase. Since then, its market cap has skyrocketed from $1.2 billion to $104.6 billion—a testament to Bitcoin’s impact on its valuation.

Funding the frenzy: $1B stock offering fuels more Bitcoin buys

The latest MicroStrategy Bitcoin update follows the company’s announcement of a $1 billion stock offering, quadrupling its initial $250 million plan. The funds will primarily finance additional Bitcoin acquisitions, further solidifying its treasury strategy.

MicroStrategy issued 11.76 million shares of its 10% Series A Perpetual Preferred Stock at $85 per share, aiming to raise $979 million after underwriting fees. Unlike previous offerings, this round targets yield-seeking institutional investors with non-cumulative dividends.

MicroStrategy bitcoin update sparks global copycat trend

MicroStrategy’s success has inspired a wave of corporate Bitcoin adoption. Japan’s Metaplanet, dubbed “Asia’s MicroStrategy,” recently became the world’s eighth-largest corporate BTC holder. Similarly, France’s The Blockchain Group saw a 225% stock surge after adding 580 BTC to its treasury.

Even Norway’s Norwegian Block Exchange experienced a 138% stock jump after announcing Bitcoin accumulation plans. This MicroStrategy bitcoin update underscores how Saylor’s strategy has reshaped corporate treasury management worldwide.

Why MicroStrategy’s bitcoin update matters

With Bitcoin nearing record highs, the latest MicroStrategy bitcoin update reinforces its belief in BTC as a hedge against inflation and fiat devaluation. The company’s average purchase price of $70,086 per BTC has already yielded massive unrealized gains.

As competitors scramble to replicate its model, MicroStrategy remains the undisputed leader in corporate Bitcoin adoption. This MicroStrategy bitcoin update proves that for Saylor, accumulation is far from over, regardless of market volatility.