MicroStrategy is back at it again, making waves in the Bitcoin world with yet another sizable purchase. The software company, turned Bitcoin treasury juggernaut, announced its latest acquisition of 1,070 BTC for $101 million—its ninth consecutive weekly buy. Let’s break down what this means for MicroStrategy and the broader Bitcoin space.

In a recent preliminary proxy filing with the Securities and Exchange Commission (SEC), MicroStrategy is seeking shareholder approval to significantly expand its authorized class A common stock from 330 million shares to a staggering 10.33 billion shares. This ambitious proposal, if approved, would theoretically provide enough stock at current share prices to acquire all the Bitcoin in circulation—nearly 20 million coins—valued at approximately $95,100 each.

A significant shift in crypto accounting is now in effect, and it’s set to reshape how companies manage and report their Bitcoin (BTC) holdings. The Accounting Standards Update 2023-08 (ASU 2023-08), issued by the Financial Accounting Standards Board (FASB), introduces fair value accounting rules for Bitcoin and other eligible crypto assets. This landmark change allows companies to recognize both price gains and losses, addressing a long-standing issue in corporate crypto accounting.

$1.54 Billion Raised Through Share Sales

On December 16, 2024, MicroStrategy announced it had raised approximately $1.54 billion between December 9 and December 15, 2024.

Bitcoin Acquisition Update

During the same period, MicroStrategy used the proceeds from its share sales to purchase approximately 15,350 BTC for $1.5 billion in cash, at an average price of $100,386 per Bitcoin (inclusive of fees and expenses). This acquisition brings the company’s total Bitcoin holdings to:

• 439,000 BTC

• Acquired at a total cost of $27.1 billion

• Average purchase price: $61,725 per Bitcoin

On December 2, 2024, the Company unveiled its latest move to strengthen its Bitcoin holdings—an acquisition of approximately 15,400 Bitcoins, worth $1.5 billion, between November 25 and December 1. This purchase was made possible by raising $1.48 billion through the sale of 3.7 million shares, underscoring the Company’s growing confidence in Bitcoin as a critical component of its financial strategy.

In this video, we break down Natalie Brunell's recent interview of Michael Saylor on Bitcoin, the Red Wave, the Future of Crypto and Building Wealth. Full interview here

Business intelligence firm MicroStrategy has again purchased Bitcoin, making it the third consecutive week of BTC acquisition. The company revealed in a filing to the Securities & Exchange Commission (SEC) on Monday that it acquired 55,500 BTC over the past week for a total of $5.4 billion.

MicroStrategy, a global leader in enterprise analytics, continues to make waves in the bitcoin space with its unwavering commitment to Bitcoin. In a ground breaking announcement, the company revealed it now holds a staggering 331,200 BTC, solidifying its position as the largest corporate Bitcoin holder in the world. This strategic move not only demonstrates MicroStrategy’s confidence in Bitcoin as a treasury asset but also highlights the growing trend of institutional adoption.

MicroStrategy, the business intelligence giant and premier corporate Bitcoin holder, has again expanded its Bitcoin reserves by a whopping 27,200 BTC, bringing its total stash to 279,420 BTC. This massive purchase, funded by $2 billion raised through at-the-market (ATM) share sales, signals their continued belief in Bitcoin’s potential as a treasury reserve asset and a hedge against inflation. And they aren’t stopping there. MicroStrategy’s ambitious “21/21 Plan” unveiled in their Q3 2024 earnings presentation hints at a transformative financial strategy aiming to raise a colossal $42 billion in capital over the next three years to fuel further Bitcoin acquisitions and corporate expansion.