MicroStrategy Acquires 12,000 BTC Amid Bitcoin’s Price Discovery Rally

MicroStrategy Inc., amid growing interest in Bitcoin (BTC) from Wall Street, has once again made headlines. The company recently announced the successful completion of its $800 million offering, which is set to mature in 2030 and carries an attractive annual interest rate of 0.625%.

Without wasting any time, MicroStrategy converted the funds into Bitcoin as part of its long-term investment plan. The company revealed that it has acquired an additional 12,000 Bitcoins, valued at approximately $821.7 million. This brings MicroStrategy’s total Bitcoin holdings to a significant 205,000 BTC, originally purchased for about $6.91 billion at an average price of $33,706 per Bitcoin.

This strategic move has proven to be a game-changer for MicroStrategy. As Bitcoin continues its macro bull run, the company’s stock market value has soared to a new multi-year high. MicroStrategy’s stock, which had been consolidating since the aftermath of the early 2000s internet bubble, has experienced a fresh rally since adopting its Bitcoin trading plan. In the past year alone, the company’s market value has surged by a staggering 500%, reaching over $24 billion.

The increased cash inflows into Bitcoin investment products, particularly through spot Bitcoin ETFs, are contributing to the bullish outlook. Bitcoin’s price has surged by more than 3% and is now around $72,000. This momentum has led many crypto analysts to revise their Bitcoin targets upward for this bull cycle.

In an interesting twist, Bitcoin’s recent price rally has surpassed its previous all-time high, achieving this milestone in just 40 days from the fourth halving. This is a departure from historical patterns, where Bitcoin took nearly six months to revisit its all-time high after previous halving events.

MicroStrategy Inc. continues to play a significant role in reshaping corporate strategies and influencing the broader financial market through its bold Bitcoin investments.