News View Non-AMP

MicroStrategy Bitcoin Holdings Expand With $1B Purchase – but What’s the RoI?

Published by
Elena R

As Bitcoin (BTC) gains popularity among Wall Street investors, MicroStrategy Inc. (NASDAQ: MSTR) has positioned itself as a major player. The company, known for its enterprise analytics and mobility software, has repeatedly sold shares to institutional investors to buy more Bitcoin.

Recently, MicroStrategy completed a $1.01 billion convertible note offering, due in 2028, specifically to purchase Bitcoin. With this capital, the company acquired 7,420 Bitcoins, worth $458 million, at an average price of $61,000 per Bitcoin. This brings its total Bitcoin holdings to about 252,220 Bitcoins.

Bitcoin Gets a Value Boost!

Bitcoin’s price has seen significant growth due to its limited supply and increasing demand from institutional investors. The cryptocurrency has risen more than 55% this year, outpacing assets like gold, which gained around 29% over the same period.

On Thursday, U.S. spot Bitcoin ETFs experienced their highest day of cash inflows, totaling about $365 million. This was led by BlackRock’s IBIT, Fidelity’s FBTC, and ARK 21Shares Bitcoin ETF (ARKB).

MicroStrategy Stock Follows

Since adopting its Bitcoin strategy, MicroStrategy’s stock (MSTR) has moved in line with Bitcoin’s price. The company has outperformed many major Wall Street firms, including all of the S&P 500 companies.

Currently, MicroStrategy has a market capitalization of $30.7 billion, with 183 million shares outstanding. From a technical standpoint, the stock is expected to maintain a bullish trend, potentially reaching new all-time highs after two decades of consolidation.

With its massive Bitcoin holdings, MicroStrategy is poised to reap the rewards of the cryptocurrency revolution. What do you think of this success story?

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Uniswap (UNI) Price Set for 30% Surge? Key Levels to Watch

UNI, Uniswap's native token, appears bullish and is poised for massive upside momentum after a…

April 2, 2025

M2 Money Supply vs. Global Liquidity: Don’t Get Mistaken!

The crypto market is always shifting based on global money trends, but a new debate…

April 1, 2025

XRP’s Worst-Case Scenario Could See a Drop to $0.30

XRP holders are finding themselves at a crossroads as recent market trends raise questions about…

April 1, 2025

Bitcoin’s Price Dropped by 5%—Experts are Seizing the Moment: RUVI AI’s Token Presale Launching in a few Hours

Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…

April 1, 2025

Will Dogecoin (DOGE) Crash or Skyrocket?: Data

Amid market uncertainty, Dogecoin (DOGE), a popular and the world’s largest crypto meme coin, appears…

April 1, 2025

Should Shiba Inu (SHIB) & Dogecoin (DOGE) Be Worried? Panshibi (SHIBI) Emerges As Best New Investment Pick This Easter!

According to historical footprints in the global crypto market, festive seasons are always important for…

April 1, 2025