MicroStrategy announces 10,101 BTC acquisition and STRK securities launch
MicroStrategy announces BTC acquisition and STRK securities
MicroStrategy, the largest corporate holder of Bitcoin, has reinforced its position in the cryptocurrency market with a $1.1 billion purchase, increasing its total holdings to an unprecedented 471,101 tokens.
The acquisition, disclosed by executive chairman Michael Saylor, involved the purchase of 10,101 BTC at an average price of $105,596 each, according to Crypto News.
This latest investment pushes the company’s cumulative Bitcoin expenditure to $30.4 billion, with the total stockpile valued at approximately $50 billion. The purchase occurred as Bitcoin traded around $100,000 following a brief 4% dip on January 27, driven by a broader stock market correction.
Launch of STRK to Bolster Future Purchases
In addition to its Bitcoin acquisition, MicroStrategy announced the launch of STRK, a new mixed securities offering aimed at raising capital for further cryptocurrency investments and corporate operations. This flexible financial instrument allows the company to present a range of securities, including common and preferred stock, under a single filing.
Saylor confirmed that funds raised through STRK will primarily be allocated to Bitcoin purchases, aligning with the company’s ambitious “21/21” plan. Under this strategy, MicroStrategy aims to invest $42 billion into Bitcoin by 2028, solidifying its dominance as the largest corporate BTC holder.
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The initiative has received significant shareholder backing, with investors recently voting to increase the number of authorized Class A common shares by 30 times to facilitate additional capital raising efforts.
As cryptocurrency continues to evolve as a mainstream asset class, MicroStrategy's aggressive Bitcoin strategy positions it as a prominent player shaping the future of corporate crypto adoption.
Recently, MicroStrategy (MSTR) has entered the top 100 publicly traded U.S. companies, ranking 97th overall. This milestone follows a 12% surge in its stock price to $430 per share, driven by Bitcoin's all-time high.
