MicroStrategy continues its aggressive Bitcoin acquisition strategy, purchasing an additional $1.1 billion worth of Bitcoin in January. This marks the 11th consecutive week of Bitcoin purchases, bringing the company's total holdings to 461,000 BTC. The recent acquisition involved buying 11,000 BTC at an average price of $101,191. MicroStrategy has invested approximately $29 billion in Bitcoin, with an average acquisition price of $63,610 per BTC. The company funded this purchase by selling 3,012,072 shares, with $5.42 billion worth of shares still available for sale. MicroStrategy, a business intelligence firm founded in 1989, shifted its focus to Bitcoin investments in 2020, now owning over 2% of Bitcoin's total supply. This strategy has influenced other companies like Tesla and Semler Scientific to follow suit.

Michael Saylor’s software company MicroStrategy is pushing forward with its Bitcoin buying spree in January, today scooping up about $1.1 billion worth of the orange coin. The move marks the company’s 11th week in a row of Bitcoin acquisitions.MicroStrategy’s Bitcoin holdings now stand at 461,000 BTC following the latest acquisition.MicroStrategy Buys 11,000 More BitcoinAn SEC filing and Monday announcement from MicroStrategy’s co-founder and Bitcoin bull Michael Saylorshowedthat MicroStrategy spent $1.1 billion buying 11,000 BTC at an average price of $101,191.The filing also reveals that MicroStrategy currently holds approximately 461,000 BTC, acquired at an average price of $63,610 per Bitcoin, including fees and expenses. The company has spent approximately $29 billion to build its Bitcoin stack at an average price of $63,610.MicroStrategy’s Bitcoin buy follows the sale of a further 3,012,072 of its company shares during the same period for the same amount. As of Jan. 20, the firm said roughly $5.42 billion worth of shares remained available for sale as part of its planned $21 billion equity offering and $21 billion in fixed-income securities capital raise, targeting a total of $42 billion for BTC acquisitions.On Jan. 6, MicroStrategy acquiredanother $101 million worth of Bitcoin, equivalent to 1,070 BTC at an average price of $94,004.MicroStrategy is a publicly listed business intelligence company founded in 1989. In 2020, it pivoted to start purchasing as much Bitcoin as possible. The firm now owns over 2% of Bitcoin’s total 21 million supply.Years after MicroStrategy pioneered large-scale corporate Bitcoin investment, the strategy started picking up steam among other public companies. Other holders include Elon Musk’s EV makerTesla, healthcare technology companySemler Scientific, and Tokyo-basedMetaplanet.

MicroStrategy Acquires $1.1 Billion in Bitcoin, Continues Aggressive Investment Strategy