MicroStrategy Bitcoin purchases continue to expand, with $243 million worth of Bitcoin between January 6 and January 12.
MicroStrategy Bitcoin purchases continue to expand, with $243 million worth of Bitcoin between January 6 and January 12.
| Key Takeaways: – MicroStrategy Bitcoin purchases continued to expand in early 2025 with $243 million of Bitcoin. – The company aims to raise $42 billion by 2027 through stock and debt offerings to fund further MicroStrategy Bitcoin purchases. |
The company, which is known for its aggressive Bitcoin investment strategy, purchased 2,530 BTC between January 6 and January 12 at an average price of about $95,972 per token. This marks 10 consecutive weeks of MicroStrategy Bitcoin purchases. The company now owns more than 2% of the total supply of Bitcoin.
MicroStrategy intends to raise $42 billion through stock sales and convertible debt offerings by 2027, which it can use to buy more Bitcoin. It has already raised two-thirds of its target in less than three months.
The MicroStrategy Bitcoin purchases are part of broader moves, co-founded and led by Chairman Michael Saylor, to increase the company’s Bitcoin holdings.
The company wants to expand its stock offering to make such purchases possible. A vote on increasing the number of authorized shares from 330 million to 10.3 billion is scheduled for January 21. The company would sell perpetual preferred stock senior to MicroStrategy’s common stock for $2 billion.
Meanwhile, Semler Scientific, a medical device maker, also joined the list of buyers. It acquired 237 BTC for $23.3 million between December 16, 2024, and January 10, 2025, also at an average price of $95,972 per coin.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
