MicroStrategy Buys 11,000 Bitcoin, Total Holdings Reach 461,000 BTC

Comments
Loading...
Zinger Key Points
  • MicroStrategy reported a 1.69% YTD Bitcoin yield for 2025, showcasing revenue potential from corporate Bitcoin holdings.
  • Tesla, Block, Coinbase, Marathon Digital, and Hut 8 Mining are publicly traded companies holding Bitcoin to diversify strategies.
  • Get the Real Story Behind Every Major Earnings Report

Business analytics firm MicroStrategy Inc. MSTR on Tuesday announced it has expanded its Bitcoin BTC/USD holdings by purchasing an additional 11,000 BTC for approximately $1.1 billion, averaging $101,191 per coin.

This acquisition brings the company’s total Bitcoin assets to 461,000 BTC, acquired at an aggregate cost of $29.3 billion, with an average purchase price of $63,610 per Bitcoin.

The company’s consistent Bitcoin acquisitions have positioned it as one of the largest corporate holders of the cryptocurrency.

MicroStrategy has funded its Bitcoin purchases using a combination of at-the-market stock sales and convertible debt issuances, seeking to raise $42 billion in capital through these methods by 2027.

Its approach has influenced other publicly traded companies to consider Bitcoin investments.

Notably, Marathon Digital Holdings MARA holds approximately 26,842 BTC, and Coinbase Inc. COIN possess around 9,000 BTC.

Also Read: EXCLUSIVE: Trump Does Not Establish Bitcoin Reserve, Crypto-Friendly Policies On Day 1—And Now?

Similar to Marathon, Hut 8 Mining Corp. HUT is another publicly traded Bitcoin miner that holds Bitcoin as part of their treasury management. 

Electric vehicle manufacturer Tesla made a significant purchase of $1.5 billion in Bitcoin in early 2021.

Block Inc., formerly Square, led by Jack Dorsey, holds around $235 million in Bitcoin on its balance sheet.

On Tuesday, MicroStrategy shareholders will vote on a proposal to increase authorized Class A common stock from 330 million to 10.3 billion shares and authorized preferred stock from 5 million to 1 billion shares.

With Michael Saylor holding approximately 47% of voting power, the proposed amendments are likely to be approved.

As of now, MicroStrategy has $5.42 billion remaining under its equity offerings plan.

Expanding share sales would enable the company to further support its ongoing strategy of purchasing additional Bitcoin.

Read Next:

Image: Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!