- MicroStrategy informs schedules to extend $2 billion through public offerings to acquire additional BTC for its treasury.
- The company holds 446,400 BTC after acquiring 2,138 BTC for $209 million, maintaining the largest corporate Bitcoin reserve.
- MSTR stock gained 13%, bouncing from an 8% drop, driven by the $2 billion capital report.
MicroStrategy has announced its intent to raise up to $2 billion to acquire additional BTC for its treasury. The capital will be raised through public funded offerings of unchanging preferred stock, according to the company’s latest press release. This move is part of the company’s wider plan to strengthen its balance sheet and expand its holdings.
Supplement to $42 Billion Bitcoin Fundraising Plan
This new initiative builds on MicroStrategy’s previously announced plan to raise $42 billion over three years for Bitcoin purchases. If successful, the company’s total capital raised for Bitcoin acquisitions could reach $44 billion.
The planned offering is expected to take place during Q1 of 2025, though the decision to proceed will depend on market conditions and MicroStrategy’s discretion. The company reserves the freedom to cancel or delay the offering.
Current Bitcoin Holdings and Recent Purchases
MicroStrategy has been busily increasing its holdings, recently acquiring 2,138 BTC for $209 million. The company now holds 446,400 BTC, making it the public company with the largest Bitcoin reserve. This latest acquisition extends MicroStrategy’s streak of weekly Bitcoin purchases, reaching eight consecutive weeks.
Bitcoin traded at a price value of $98,168 at the time of writing, with open interest valued at $58.01 billion. Bitcoin’s price steadily increased from earlier points, peaking close to $100,955.
Open interest also followed an upward trajectory, reflecting sustained market activity and interest in Bitcoin derivatives. With the current market price of each Bitcoin, MicroStrategy now holds $43.82 billion worth of BTC digital assets.
Impact on MSTR Stock Performance
MicroStrategy’s supply has seen a correction after a price fall of over 8% at the end of 2024. Nasdaq data shows that MSTR recorded a 13% gain during trading on Thursday, closing at $339. The report of the presented $2 billion capital raise appears to have contributed to the stock’s positive move. Notably, MSTR was the top-performing major asset last year, outperforming BTC and other stocks.
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