MicroStrategy announced that it has acquired 15,400 Bitcoin tokens worth $1.5 billion. MARA Holdings said it plans to raise $800 million from private placements and options to increase its Bitcoin holdings. Major corporate organizations are considering incorporating MicroStrategy's Bitcoin investment strategy, suggesting BTC is growing into a resilient asset.
MicroStrategy continued its aggressive Bitcoin purchases on Monday after announcing the acquisition of 15,400 BTC at an average purchase price of $95,976 per token. As the company continues to widen its lead as the largest corporate holder of Bitcoin, other companies have begun planning to emulate MicroStrategy's strategy of launching strategic BTC reserves.
MicroStrategy adds Bitcoin holdings, other companies plan to follow
Business intelligence firm MicroStrategy has bought Bitcoin for the fourth week in a row after announcing the acquisition of an additional 15,400 BTC for $1.5 billion.
The company said in a filing with the Securities and Exchange Commission (SEC) on Monday that its most recent purchases, made between November 25 and December 1, were made at an average price of $95,976 per Bitcoin. said.
The company currently holds 402,100 BTC worth over $38 billion, with a total acquisition cost of approximately $23.4 billion and an average price per Bitcoin of $58,263.
The most recent acquisition was the sale of 3,728,507 shares of the company's stock for $1.5 billion. MicroStrategy also said it still had approximately $11.3 billion in outstanding shares as of Dec. 1.
MicroStrategy acquired 15,400 BTC worth $1.5 billion, or approximately $95,976 each. #bitcoin And it achieved a BTC yield of 38.7% QTD and 63.3% YTD. As of December 2, 2024, we have 402,100 $BTC It was acquired for about $23.4 billion at about $58,263 per Bitcoin. $MSTR https://t.co/K3TK4msGp0
— Michael Saylor ⚡️ (@saylor) December 2, 2024
MicroStrategy's large purchases have led other companies to consider acquiring Bitcoin as a strategic reserve asset.
Bitcoin mining company MARA Holdings has announced the issuance of $700 million worth of zero-convertible bonds, along with $105 million in option bonds. The company plans to use the proceeds from this sale to purchase more Bitcoin tokens to add to its current holdings of 33,875 BTC.
Additionally, Asian investment firm Sora Ventures has introduced a $150 million fund to advance Bitcoin-centric financial strategies for listed companies across Asia.
The company aims to replicate the process employed by MicroStrategy, which leverages Bitcoin as a key reserve asset to drive financial strategies and shareholder value. The $150 million fund will target companies listed on major stock exchanges in Japan, Hong Kong, Thailand, Taiwan and South Korea.
The likelihood that leading companies will incorporate Bitcoin as a reserve asset suggests that Bitcoin is developing into a resilient and reliable asset with higher growth potential than other asset classes. .
Other top companies could join the trend as Bitcoin approaches the $100,000 price level. This included Microsoft, whose board of directors received a 30-minute presentation from MicroStrategy CEO Michael Saylor on the potential of adopting Bitcoin as a core corporate strategy. .
In November, Saylor also offered to discuss adding Bitcoin to the company's balance sheet with Rumble CEO Chris Pavlovsky.
