Breaking: MicroStrategy Acquires 21,550 Bitcoin in Latest Purchase
MicroStrategy, according to an official filing on Monday, has made another significant move in its Bitcoin accumulation strategy by purchasing 21,550 BTC for approximately $2.1 billion.
The acquisition took place between December 2 and December 8, with an average price of $98,783 per Bitcoin.
This latest purchase brings the total Bitcoin holdings of the business intelligence giant to 423,650 BTC, valued at around $42 billion.
MicroStrategy’s Fifth Consecutive Week of Bitcoin Purchase
This acquisition marks the firm’s fifth consecutive week of Bitcoin investments.
Just last week, MicroStrategy acquired 15,400 BTC for $1.5 billion at an average price of $95,976 per coin.
To finance the recent transaction, the company sold approximately 5.4 million shares of its common stock, which is part of a larger $21 billion equity offering authorized in October 2024.
MicroStrategy plans to raise $42 billion over the next three years, with the funding split equally between equity and fixed-income securities.
There is still $9.19 billion worth of shares available for future sales.
Co-founder and executive chairman Michael Saylor revealed that the firm’s Bitcoin holdings were acquired at an average cost of $60,324 per BTC, totaling $25.6 billion, including fees.
As of December 9, the company’s Bitcoin yield has reached 68.7% year-to-date.
Amazon to Consider Bitcoin Investment
Today, the National Center for Public Policy Research, a Washington, D.C.-based think tank advocating for free-market principles, called on Amazon to consider adopting a Bitcoin-focused corporate treasury strategy.
The think tank submitted concerns about the impact of inflation on corporate reserves.
It criticized the Consumer Price Index (CPI) as a “remarkably poor measure” of actual currency debasement and suggested that the real inflation rate could be significantly higher, potentially double the official CPI figure.
The proposal will be discussed at Amazon’s shareholder meeting in April 2025.
The NCPPR’s proposal aligns with a broader push for institutional Bitcoin adoption.
In October, the think tank urged Microsoft to invest in Bitcoin through a similar letter. However, Microsoft advised shareholders to reject it, stating that management already evaluates such matters.
The proposal will be discussed at Microsoft’s annual meeting on December 10.
Last week, Bitcoin’s price dip to $92,957 prompted major acquisitions by BlackRock and MARA Holdings, who collectively purchased 9,173 Bitcoin.
BlackRock made the most significant move by purchasing 7,750 Bitcoin, increasing its total Bitcoin holdings to $48.9 billion.
Bitcoin miner MARA Holdings added 1,423 Bitcoin in four transactions between December 5 and 6, valued at $139.5 million.
These acquisitions followed the closure of the firm’s second $850 million convertible note offering, dedicated to increasing Bitcoin reserves.
MARA now holds 22,108 Bitcoin worth $2.17 billion, representing a staggering 162% increase in holdings compared to last month.
