Strategy announced the acquisition of an additional volume of Bitcoin worth $449.3 million, bringing the total balance to 636,505 BTC, which is about 3% of the entire cryptocurrency emission. Since its first investment in 2020, the former MicroStrategy has spent almost $46.95 billion at an average purchase price of $73,765 per Bitcoin.
According to documents filed with the SEC, the latest deal was financed through the placement of all four types of the company's preferred shares, as well as the issuance of new MSTR common shares. This approach allows Strategy to maintain active participation in the crypto market without reducing the company's liquidity.
MicroStrategy was founded in the late 1980s as a developer of business intelligence and enterprise data management software. The founder was MIT graduate Michael Saylor. The focus on tools for working with large amounts of information helped the company gain a foothold in the enterprise software segment.
In the 1990s, Strategy successfully developed against the backdrop of business digitalization and the introduction of information technology. In the early 2000s, the company entered the American stock market and began trading under the ticker MSTR on NASDAQ. However, by the end of the 2010s, the company's growth slowed down, and the business in the enterprise software market began to stagnate. The first major step in crypto investment was made on August 11, 2020, when Strategy acquired bitcoins worth more than $250 million.
Michael Saylor recently emphasized that the company does not intend to stop there and will continue to purchase BTC. In his opinion, success in the crypto market will go to those who accumulate the largest amount of the first cryptocurrency.
Strategy's active strategy demonstrates a long-term interest in digital assets and a desire to strengthen its presence in the cryptocurrency market. The company's total investments in Bitcoin continue to attract the attention of investors and analysts, showing that corporate players are increasingly viewing the cryptocurrency as a strategic asset.
Overall, the growth of Strategy's portfolio reflects a global trend: large companies are increasingly using Bitcoin to diversify their investments and protect capital from the volatility of traditional markets.