MicroStrategy buys another $1.1b Bitcoin

Microstrategy has announced a bitcoin purchase for the twelfth consecutive week, while revealing a new offer of actions to finance additional crypto acquisitions.

Microstrategy, the largest corporate bitcoin in the world (BTC) Holder, increased his assets to 471,101 narcotic tokens after completing his second purchase during the administration of President Donald Trump.

The company has invested another $ 1.1 billion in BTC, acquiring 10,101 BTC at an average price of $ 105,596, according to a disclosure file common By microstrategy, executive president, Michael Saylor.

Saylor’s company, which started buying BTC in 2020, spent $ 30.4 billion by accumulating its huge Bitcoin treasure. The stock was estimated at nearly $ 50 billion at the time of the press, the BTC merchanting around $ 100,000 following a price drop of 4% on January 27 due to a stock market correction.

The new microstrategy Strk

The increase in his Bitcoin holdings was not the only announcement of microstrategy this week. Saylor also revealed the launch of Strk, a mixed value offering selected institutional investors and retail buyers.

The offer of mixed securities is a flexible financial vehicle which allows companies to offer several investment contract options within the framework of a single deposit. Thanks to Strk, Microstrategy can present to investors securities such as privileged shares or ordinary shares to increase capital.

According to Saylor, Strk’s product will be used to buy additional bitcoin and for general purposes. The initiative is probably part of Saylor’s “21/21” plan, which expects to invest $ 42 billion in Bitcoin by 2028 and cement the position of the company as the largest BTC holder.

Until now, shareholders seem to support Saylor’s vision. Last week, the shareholders voted to increase the number of ordinary authorized class A shares by 30 times to allow capital lifting.