MicroStrategy, a leader in business intelligence and a major Bitcoin investor, has added 2,138 Bitcoin to its portfolio in a $209 million purchase. The company’s holdings now total 446,400 BTC, valued at approximately $41.5 billion based on current market prices.

The announcement, made on 30 December, detailed that the coins were acquired between 23 and 29 December at an average price of $97,837 per BTC. The purchase was funded by selling 592,987 company shares during the same period.

Record-High Bitcoin Yield for MicroStrategy

MicroStrategy’s Bitcoin yield reached 74.1% year-to-date as of 30 December, reflecting the firm’s growing returns from its cryptocurrency investments. Between October and December, the yield stood at 47.8%, showcasing strong quarterly performance.

Michael Saylor, co-founder and executive chairman of MicroStrategy, hinted at the latest acquisition on 29 December via the Saylor Tracker, a platform dedicated to tracking the company’s Bitcoin purchases. Saylor reaffirmed MicroStrategy’s commitment to Bitcoin, stating the company would continue buying the asset even if its price soared to $1 million per coin.

Eight Weeks of Consecutive Bitcoin Purchases

The latest acquisition marks the eighth straight week of Bitcoin purchases for MicroStrategy. Since 31 October, the firm has added 194,180 BTC to its portfolio. However, the weekly purchase volume has significantly decreased compared to November, when MicroStrategy acquired over 100,000 BTC.

This consistent buying streak highlights the company’s long-term commitment to Bitcoin as a core component of its financial strategy.

Company Seeks Permission to Issue More Shares

In a 23 December filing with the United States Securities and Exchange Commission (SEC), MicroStrategy proposed increasing the number of authorised shares for its Class A common stock and preferred stock.

The proposal includes raising authorised Class A common stock from 330 million shares to 10.33 billion shares and increasing authorised preferred stock from five million to over one billion shares.

If approved, this move would allow the company greater flexibility to issue new shares to fund additional Bitcoin purchases in the future.

A Bold Bet on Bitcoin’s Future

MicroStrategy remains one of the most prominent corporate investors in Bitcoin, despite market volatility and criticism of its high-risk strategy. The company’s relentless accumulation reflects its belief in the long-term potential of the cryptocurrency.

Michael Saylor’s leadership and confidence in Bitcoin continue to drive the company’s investment decisions, reinforcing MicroStrategy’s position as a key player in the Bitcoin ecosystem.