MicroStrategy Acquires $561M Bitcoin, MSTR Included in NASDAQ100

MicroStrategy has acquired additional Bitcoin amid $MSTR’s stock being included in the NASDAQ100 index. 

In addition to purchasing more Bitcoin, the company plans on issuing more shares in a bid to purchase more BTC in the near future.

To do this, MicroStrategy will increase its Class A shares from 33 million to 10 billion, something the company has never done before.

Michael Saylor buys $561 million worth of Bitcoin

On December 23, Michael Saylor shared that MicroStrategy purchased 5,262 Bitcoin for $561 million at $106,662 per Bitcoin. According to further statistics, MicroStrategy has reached a BTC yield of 47.4% QTD and 73.7% YTD. 

MicroStrategy currently holds 444,262 Bitcoin in total, totalling to over $27 billion at the average price of $62,257 BTC. 

Aside from acquiring more Bitcoin than the market would expect, Michael Saylor announced that a shareholding meeting will take place where MicroStrategy board members will vote on whether the company should issue billions of dollars in shares.

The issuing of billions of shares is part of Saylor’s 21/20 plan to acquire $42 billion Bitcoin tokens by 2027. In an aggressive push to meet the target, billions in MSTR shares may go to market.

MicroStrategy is hungry for Bitcoin

To edge investors and board members into Saylor’s plans, the company will make alterations to its Equity Incentive Plan so that equity rewards are shared automatically, making the incentives more attractive. 

Many onlookers are wondering how long MicroStrategy’s Bitcoin obsession can last. Despite the company being in over $200 million in profit, Bitcoin is of course prone to volatility and bear markets. 

With the Trump administration planning to deregulate the industry to accelerate growth and innovation, MicroStrategy’s Bitcoin bet may pay of massively in the near future with the U.S. government’s additional backing of cryptocurrencies as a serious asset class.