MicroStrategy Acquires 2% of the World’s Bitcoin Supply
Date: 2025-01-22 Author: Oliver Abernathy Categories: BUSINESS
This represents approximately 2% of the total amount of Bitcoin in circulation on the global market. The average purchase price for each coin was approximately $63,610, reflecting the company’s strategic approach to long-term investment in crypto assets.
The company used funds from the placement of 3,012,072 shares on the market to finance these purchases. As of January 20, of the total $21 billion that was planned for the purchase of Bitcoin, $5.42 billion worth of shares remained to be sold. These funds, based on the current market value of BTC, will allow the company to purchase approximately 50,000 additional Bitcoin.
However, such aggressive investments do not go without criticism. In particular, Arthur Hayes, former CEO of the BitMEX crypto exchange and now head of the Maelstrom Fund, expressed his concerns. He believes that using a debt mechanism to acquire bitcoins by selling shares of MicroStrategy can lead to significant risks. In his opinion, such a practice poses a high degree of financial danger, especially given the volatility of cryptocurrency markets.
Nevertheless, MicroStrategy's management is confident in its strategy, seeing bitcoin as a long-term asset with growth potential. The company continues to increase its cryptocurrency reserves despite possible financial risks, which confirms its confidence in the future of bitcoin as a valuable asset.
