MicroStrategy Increases Its Bitcoin Holdings to 386,700 Coins
Date: 2024-11-26 Author: Oliver Abernathy Categories: BUSINESS
US company MicroStrategy has submitted a new report to the US Securities and Exchange Commission (SEC), according to which it has purchased an additional 55,500 bitcoins. The average cost of each coin was about $97,862, and the deal was financed by attracted investments through an additional issue of shares.
The company's management said that as part of a three-year capital raising plan, it plans to place shares and debt securities worth $43 billion. These funds will be used to further increase bitcoin reserves.
MicroStrategy's assets currently include 386,700 BTC with a total value of more than $37 billion. In total, about $21.9 billion was spent on the acquisition of cryptocurrency, including commissions and related expenses. The average purchase price was $56,761 per coin.
However, the company's strategy has drawn criticism from some analysts. Bloomberg expert Lionel Laurent notes the high risks associated with such an investment policy. In his opinion, a significant drop in the price of bitcoin - for example, by 50% or more - could create significant financial pressure on the company. However, experts from BitMEX believe that MicroStrategy is able to withstand a decrease in the price of BTC up to $15,000 per coin before there is a threat of liquidation of assets.
