MicroStrategy, the dominant holder of Bitcoin among U.S. listed companies, announced late yesterday (13th) that it has recently increased its holdings by 2,539 Bitcoin, with a total purchase price reaching $243 million. Meanwhile, Bitcoin is experiencing a rebound amidst a continued decline.
Affected by the drop in U.S. stocks, Bitcoin briefly plunged to a low of $89,111 after 22:30 last night, marking its lowest point in nearly two months. However, perhaps due to shorts reaching their target price and U.S. stocks rebounding, Bitcoin quickly saw a strong rebound, hitting a peak of $95,050 before the deadline, gaining $6,000 overnight.
Ethereum's trend is similar to Bitcoin's, but last night it experienced a more severe decline, briefly dropping below $3,000 to a low of $2,910, and reported at $3,145 before the deadline.
MicroStrategy has increased its holdings again.
Just last night, Michael Saylor, the founder of MicroStrategy, the dominant holder of Bitcoin among listed companies, also posted again on X stating that MicroStrategy, between January 6 and January 12, 2025, has once again increased its holdings by purchasing 2,530 Bitcoin for $243 million, with an average price of $95,972 per Bitcoin, bringing MicroStrategy's total Bitcoin holdings up to 450,000 Bitcoin.
MicroStrategy has acquired 2,530 BTC for ~$243 million at ~$95,972 per bitcoin and has achieved BTC Yield of 0.32% YTD 2025. As of 1/12/2025, we hodl 450,000 $BTC acquired for ~$28.2 billion at ~$62,691 per bitcoin. $ MSTR https://t.co/qONdrIwz7Q
— Michael Saylor [Image] (@saylor) January 13, 2025
MicroStrategy still has approximately $6.53 billion in shares available for issuance and sale.
We know that MicroStrategy's issuance and sale of stocks to raise funds for increasing Bitcoin holdings has become the company's basic operation. According to the 8-K documents submitted by MicroStrategy, the $243 million used for this Bitcoin acquisition also comes from the profits obtained from the issuance and sale of stocks according to its sales agreement.
It is worth mentioning that in the document, MicroStrategy also stated that as of now, it still has approximately $6.53 billion in stocks available for issuance and sale. This means that according to MicroStrategy's long-emphasized continuous buying strategy, the profits from this stock portion will likely continue to be used to increase Bitcoin holdings. If calculated at a price of $100,000, this portion of funds could purchase another 65,300 Bitcoin, which would push MicroStrategy's Bitcoin holdings officially above 500,000.
MicroStrategy plans to raise $42 billion over the next three years to purchase Bitcoin.
We know that at the end of October last year, MicroStrategy announced the launch of the '21/21 plan', which aims to raise $21 billion in equity financing and issue $21 billion in bonds under the leadership of Michael Saylor over the next three years, totaling $42 billion to purchase more Bitcoin.
At the same time, at the special shareholders' meeting held at the end of December last year, MicroStrategy also proposed the following proposals:
Amend the company's articles of incorporation to increase the authorized number of Class A common shares from 330 million to 10.33 billion.
Increase the authorized number of preferred shares to 1.005 billion.
Adjust the 2023 stock incentive plan so that new board members can automatically receive equity awards.
If there are not enough votes to pass the above proposals during the meeting, the meeting may be postponed to gather more proxy votes.
If this proposal is officially passed this year, it is expected to provide another boost for the continuous rise of Bitcoin.
