MicroStrategy Expands Bitcoin Holdings to 446,400 BTC Despite Stock Volatility

The company's aggressive Bitcoin acquisition strategy has driven its stock performance but raised concerns over financial risks.

MicroStrategy purchased 2,138 additional Bitcoins in late December for $209 million, bringing its total holdings to 446,400 BTC, valued at approximately $41 billion.
The company has spent $27.9 billion on Bitcoin acquisitions since 2020, with an average purchase price of $62,428 per Bitcoin.
MicroStrategy's stock has surged 342% in 2024, outperforming most major tech stocks, though it fell by 20% in December as Bitcoin prices retreated.
Michael Saylor's strategy relies on issuing debt and equity to fund Bitcoin purchases, but critics warn of risks tied to Bitcoin's price volatility and shareholder dilution.
The company recently proposed increasing its authorized share count significantly to support its ongoing Bitcoin acquisition plan, raising questions about its financial sustainability.