MicroStrategy has announced its third Bitcoin purchase of the year, acquiring 11,000 BTC for $1.1 billion at an average price of $101,191 per BTC. This purchase increases the company's total Bitcoin holdings to 461,000 BTC, acquired at an average price of $63,610 per Bitcoin. The company plans to raise more capital for further Bitcoin acquisitions, with shareholders voting on a proposal to increase authorized Class A common shares. Despite the purchase, MicroStrategy's stock (MSTR) did not react positively, although it has shown a strong performance year-to-date. CryptoQuant's CEO suggests the stock is undervalued compared to its Bitcoin holdings.

HIGHLIGHTS MicroStrategy bought 11,000 Bitcoin for $1.1 billion at an average price of $101,191 per BTC.  The company now holds 461,000 BTC bought at an average price of $63,610 per bitcoin.  MSTR shareholders are set to vote on a proposal today that could lead to more BTC acquisition.  Michael Saylor's MicroStrategy has announced its third Bitcoin purchase for the year and eleventh consecutive in as many weeks. The software company's recent purchase brings its total BTC holdings to 461,000.
MicroStrategy Acquires 11,000 BTC For $1.1 Billion
In a press release, MicroStrategy announced that it had acquired 11,000 BTC for $1.1 billion at an average price of $101,191 per bitcoin. The company has now achieved a BTC yield of 1.69% year-to-date (YTD).

Meanwhile, this most recent purchase brings the company's total BTC holdings to 461,000, which it acquired for $29.3 billion at an average price of $63,610 per bitcoin.

This marks MicroStrategy's third Bitcoin purchase for the year and its eleventh in as many weeks, in a period spanning way back to the start of November 2024. Last week, the company acquired 2,530 BTC worth $243 million.

Michael Saylor's company is likely to make purchases in the coming weeks as shareholders will vote today on increasing authorized Class A common shares from 330 million to 10.3 billion.

The company plans to use this as a means to raise more capital for Bitcoin acquisition. The proposal is expected to pass as Saylor controls 47% of the voting rights.
MSTR Stock Fails To React
The MSTR stock price failed to react positively to the news of MicroStrategy's latest Bitcoin purchase. Nasdaq data shows that the stock is currently in the red and trading at around $395.

However, it is worth mentioning that the stock has rebounded well from its 2024 end-of-the-year slump and has begun this year in the green. MicroStrategy's stock is up over 30% year-to-date (YTD). The stock was one of the best-performing assets last year despite the year-end slump and could again have a historic year.

CryptoQuant's CEO Ki Young Ju recently made a case for the MSTR stock. In an X post, he stated that the stock is undervalued compared to the company's Bitcoin holdings. He shared an accompanying chart which showed that the stock's BTC holdings premium was still well below the stock's price.

MicroStrategy Acquires 11,000 BTC for $1.1 Billion, Plans Further Purchases