Zinger Key Points
- Shareholders recently approved a significant increase in MicroStrategy’s authorized stock, which could fuel further Bitcoin purchases.
- MicroStrategy’s bold approach has set a trend, prompting other companies to embrace Bitcoin as a strategic asset on their balance sheets.
- Get the Real Story Behind Every Major Earnings Report
Business intelligence firm MicroStrategy MSTR, spearheaded by Michael Saylor, has once again demonstrated its unwavering faith in Bitcoin BTC/USD, adding to its digital asset reserves for the twelfth consecutive week.
The company snapped up another 10,107 Bitcoin, bringing their total cache to 471,107 BTC.
Saylor announced the purchase on X, formerly known as Twitter.
What Happened: The latest acquisition was completed at an average cost of $105,596 per Bitcoin, which has changed the overall cost basis for the company's total holdings to $64,511 each.
This consistent and strategic investment reinforces MicroStrategy's long-term bet on the cryptocurrency.
Before the formal announcement on X, Saylor engaged the crypto community by teasing the move with his regular “Don’t stop thinking about tomorrow” post.
On Jan. 21, MicroStrategy's stakeholders approved an enormous increase in the number of available shares.
They expanded the potential number of Class A shares from 330 million to 10.3 billion.
This action could pave the way for further capital raises, possibly leading to more Bitcoin acquisitions in the future.
Why It Matters: MicroStrategy's decisive embrace of Bitcoin as a key component of its treasury management has become an example for many others in the corporate world but its strategy has come under scrutiny as its Net Asset Value (NAV) premium continues to shrink.
Despite holding an impressive $45 billion in Bitcoin, MicroStrategy’s $88 billion market valuation rests on a 93% premium—an advantage that has steadily declined since Nov. 20.
This performance gap has intensified concerns over the company's sustainability, particularly as its software business fades into the background, leaving the firm as a near-exclusive Bitcoin proxy.
Experts argue the company must now prove its strategic relevance beyond simply accumulating Bitcoin, signaling a need for broader value creation as the crypto industry evolves.
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