MicroStrategy buys over 21K Bitcoin, now holds 2% of total BTC supply

• MicroStrategy acquired 21,550 BTC, bringing total holdings to 423,650 BTC, worth $41.5B.
• Riot Platforms, Marathon Holdings, and Metaplent are expanding Bitcoin investments following MicroStrategy’s strategy.

MicroStrategy has once again made headlines with its aggressive Bitcoin [BTC] accumulation strategy, marking its fifth consecutive week of purchases.

According to the recent filing with the SEC, the company acquired an additional 21,550 BTC last week, investing approximately $2.1 billion.

This latest acquisition brings its total Bitcoin holdings to an impressive 423,650 BTC, now valued at nearly $41.5 billion at current market prices.

For those unaware, MicroStrategy’s Bitcoin reserves account for over 2% of the total 21 million BTC supply, underscoring its commitment to the cryptocurrency.

Funded through a $2.13 billion share sale as part of its broader $42 billion plan, the move highlights MicroStrategy’s reliance on share issuances and convertible notes to solidify its position as one of the largest Bitcoin holders globally.

What led to MicroStrategy’s Bitcoin acquisition?

Some believe that, Bitcoin’s remarkable rally past the $100,000 milestone has set the stage for MicroStrategy’s latest strategic acquisition.

Although briefly crossing the $100K mark, the cryptocurrency remains buoyant, trading at $97,501.72—a slight 1.21% dip over the past 24 hours, according to CoinMarketCap.

Yet, technical indicators like the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) suggest the bullish momentum is far from over.

As expected, MicroStrategy’s recent BTC purchase aligns with this surge, securing its latest haul at an average price of $98,783 per coin.

This move follows Bitcoin’s rapid ascent from under $70,000, fueled by Donald Trump’s re-election and the anticipation of a more crypto-friendly administration, further reinforcing the company’s commitment to expanding its crypto holdings.

While it once took nearly a year to gather its first 100,000 coins, the firm expanded its holdings from 300,000 to 400,000 in just two weeks.

MicroStrategy’s stock price

This period coincided with Bitcoin’s 40% price surge, propelling MicroStrategy’s stock to an impressive 480% year-to-date gain.

However, recent market movements have introduced volatility, with BiTC dipping below $98,000 and MicroStrategy’s stock declining 7.51%, currently trading at $365.34.

Other institutions joining the fray

Inspired by MicroStrategy’s strategic Bitcoin acquisitions, several other publicly traded companies are now following suit.

For instance, Riot Platforms recently announced a $500 million convertible bond offering aimed at expanding its BTC holdings, while Marathon Holdings and Semler Scientific have also expressed similar plans to increase their exposure to the cryptocurrency.

Additionally, Metaplent—dubbed ‘Asia’s MicroStrategy’—is preparing to raise approximately $62 million through its 12th series of Stock Acquisition Rights (SARs) to strengthen its BTC portfolio.

These moves highlight a growing trend of institutional players diversifying their financial strategies by leveraging Bitcoin as a strategic asset.