MicroStrategy Acquires Additional 11,000 Bitcoin for $1.1 Billion

MicroStrategy acquired an additional 11,000 Bitcoin (BTC) for approximately $1.1 billion, as disclosed by Michael Saylor on social media. This marks the company's 11th consecutive week of Bitcoin purchases.

MicroStrategy Bitcoin Holdings

The average purchase price was about $101,191 per token.
MicroStrategy now holds over 2% of all mined Bitcoin, valued at approximately $47.9 billion.
Funding sources include at-the-market stock sales and convertible debt offerings.

Regulatory changes under President Trump are expected to benefit the crypto industry, prompting MicroStrategy to accelerate its Bitcoin acquisitions.

Shareholder Approval for Increased Shares

Shareholders approved a 30-fold increase in authorized Class A common shares, from 330 million to 10.3 billion.
This decision passed with around 56% of the vote, aimed at financing further Bitcoin purchases.
Authorized preferred stock increased from 5 million to 1 billion shares.

These changes will be effective after filing with the Delaware Secretary of State. Chairman Saylor holds about 47% of voting power, influencing the outcome.

Bitcoin

Currently, Bitcoin is trading at $106,400, reflecting a 2.5% increase in the past 24 hours.