MicroStrategy officially passed its proposal to issue additional stocks! Pave the way for continuing to increase Bitcoin

Bitcoin price hit a new high recently, breaking through the $107,000 mark! This article will focus on the latest trends of Bitcoin giant whale - MicroStrategy and its impact on the market.

Bitcoin price briefly hit $107,000 in the early morning of February 22, and then slightly pulled back to $105,786, but the overall trend continued to rise. The highly anticipated micro-strategy "21/21" plan was approved at the shareholders' meeting on February 21. The plan authorizes the company's Class A common stock to increase the company's Class A common stock from 330 million shares to 10.3 billion shares, making it one of the companies with the largest number of common stocks among the Nasdaq 100 index components. The move means that the micro-strategy will have the ability to issue more shares and raise more funds to buy Bitcoin. The "21/21" plan aims to raise US$42 billion through equity financing and issuance of fixed income products (such as convertible bonds, preferred shares, etc.) over the next three years, all for Bitcoin investment.

Micro Strategy purchases another 11,000 Bitcoins

Michael Saylor, founder of micro-strategy, announced that the company spent $1.1 billion to increase its holdings of 11,000 bitcoins between January 13 and 20, with an average price of $101,191. According to bitcointreasuries data, MicroStrategies' Bitcoin holdings have reached 461,000, with a total value of about US$48.51 billion, a cumulative purchase cost of about US$29.32 billion, and a book profit of as high as US$19.2 billion.

Micro Strategy Bitcoin Holdings

In addition to micro-strategy, many companies have also increased their holdings of Bitcoin or announced Bitcoin reserve plans recently, indicating that companies' enthusiasm for BTC investment continues to rise, such as:

• Reinsurance company Oxbridge approved the inclusion of Bitcoin and Ethereum into its financial reserve assets.
• The US listed company KULR increased its holdings of Bitcoin by US$8 million, with a total holding of 510 coins.
• AI listed company Genius Group increased its holdings of Bitcoin by US$5 million, with a total holding of 420 coins.

Institutional Bitcoin holdings exceeded 3 million

bitcointreasuries data show that the total holdings of Bitcoin by institutions (listed companies, investment companies, exchanges, governments, etc.) have exceeded 3 million, accounting for 14.3% of the total supply of Bitcoin, with a total value of up to US$316.73 billion.

Among them, MicroStrategy ranked first with 461,000 Bitcoins, followed by Bitcoin mining companies MARA Holdings (44,900) and Riot Platforms (17,700), while Tesla held 9,720 Bitcoins.

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