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Michael Saylor’s MicroStrategy finalized its twelfth Bitcoin purchase in 12 weeks, securing 10,107 BTC for $1.1 billion. The largest corporate holder of Bitcoin now possesses 471,107 BTC.
Michael Saylor’s MicroStrategy Reaches 471,107 BTC
MicroStrategy revealed in a press release that it purchased 10,107 BTC for $1.1 billion at an average price of $105,596 per Bitcoin, achieving a year-to-date (YTD) BTC yield of 2.90%. With this latest purchase, MicroStrategy now holds 471,107 Bitcoin, according to Michael Saylor’s latest tweet.
The acquisition followed last week’s purchase of 11,000 BTC for $1.1 billion, marking the twelfth consecutive week MicroStrategy bought Bitcoin. So far, the software company has acquired Bitcoin for $30.4 billion at an average price of $64,511 per Bitcoin.
The MSTR stock price did not respond positively to the recent Bitcoin purchase. According to Nasdaq data, the stock is down more than 4% in pre-market trading.
However, this decline is connected to the overall bearish sentiment in the crypto market. The DeepSeek concerns have caused a decline in stocks like MARA, COIN, and MSTR. This drop is happening alongside the broader crypto market downturn, as investors react to the uncertainty surrounding China’s DeepSeek.
MicroStrategy To Acquire More Bitcoin
The company plans to acquire more Bitcoin in the future, following a recent shareholder vote to increase share capital to support its Bitcoin strategy.
This is part of the company’s “21/21” plan that aims to raise $42 billion for additional Bitcoin purchases. The company plans to secure $21 billion in equity capital and $21 billion in fixed-income securities.
Recently, MicroStrategy has filed to raise funds through mixed securities to buy more Bitcoin and support its business activities. The company also announced its proposed stock offering.
The company plans to use the net proceeds from the public offering for general purposes, including buying Bitcoin and supporting working capital.
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