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MicroStrategy invests heavily in Bitcoin and plans more acquisitions
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THE MicroStrategy, one of the companies most committed to adopting Bitcoinreaffirmed its position in the market by announcing another significant acquisition of the cryptocurrency.
Between December 16th and 22nd, 2024, the company acquired 5,262 BTCinvesting approximately US$561 million in the purchase. With this acquisition, the company now holds a total of 444,262 BTC, acquired for an accumulated cost of US$27.7 billion.
The recent acquisition, made at an average price of $106,662 per Bitcoinrepresents the highest average cost ever paid by the company per unit of cryptocurrency.
This movement reflects the MicroStrategy’s long-term commitment to Bitcoineven in a market marked by historic highs and speculation about its future volatility.
Aggressive Bitcoin Acquisition Strategy
Throughout December, the MicroStrategy acquired 42,162 BTCequivalent to around US$4 billion at the current market price. Although the most recent acquisition represents only 12% of this total, the company’s strategy shows no signs of slowing down.
On the contrary, the company intends to further intensify its purchases. To this end, MicroStrategy submitted this Tuesday (24), a request to shareholders to increase the number of authorized Class A shares of US$330 million to US$10.33 billion.
This initiative is part of an ambitious fundraising plan, which aims to raise US$42 billion in the next three years. The plan includes $21 billion in equity and another $21 billion in debt instruments such as convertible notes and preferred shares.
According to Michael Saylor, all this money will be solely and exclusively used to buy more Bitcoins. Despite the consistent pace of purchases, there is speculation that MicroStrategy may temporarily pause its acquisitions in 2025.
This possibility gained strength after statements by BitMEX co-founder Arthur Hayes, who warned of possible downward pressure on the cryptocurrency market in early 2025.
Furthermore, analysts point to a potential “blackout period” for MicroStrategywhich would prevent the company from issuing new shares or debt instruments at the beginning of the year.
MicroStrategy invests heavily in Bitcoin and plans more acquisitions
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MicroStrategy invests heavily in Bitcoin and plans more acquisitions
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MicroStrategy invests heavily in Bitcoin and plans more acquisitions
