- MicroStrategy boosts Bitcoin holdings to 461,000 BTC, over 2% of total supply, with a $42B funding plan.
- Genius Group acquires 420 BTC worth $40M, aiming to hold $120M in reserves under Bitcoin-first strategy.
- Corporate giants adopt Bitcoin, signaling confidence in digital assets as core financial instruments.
MicroStrategy and Genius Group have announced significant Bitcoin acquisitions to strengthen their positions in the digital asset space. These strategic moves highlight corporate confidence in cryptocurrency and its integration into financial systems.
MicroStrategy gains shareholder approval to buy Bitcoins
The company’s shareholders voted to boost their total issued Class A common stock from 330 million up to 10.3 billion shares. This change enables the company to raise substantial capital for expanding its Bitcoin reserves. The authorized preferred stock also increased from 5 million to 1 billion shares, effective after filing with Delaware authorities.
The company aims to raise $42 billion by 2027 through equity and convertible note offerings. MicroStrategy will use these funds to expand its Bitcoin purchase plans. MicroStrategy purchased another 11,000 Bitcoins using $1.1 billion to build up its Bitcoin investment portfolio at an average price of $101,191.
MicroStrategy expanded its Bitcoin collection to 461,000 BTC worth more than $48 billion with this transaction. This represents more than 2% of Bitcoin’s total supply. These actions position MicroStrategy as a leading corporate Bitcoin investor.
Genius Group Expands Bitcoin Treasury with New Acquisition
Genius Group announced a $5M Bitcoin purchase, bringing holdings to 420 BTC valued at $40 million. This move reflects its commitment to a Bitcoin-first strategy. The company funded the purchase using reserves, an ATM facility, and $19 million in debt financing.
This acquisition aligns with Genius Group’s goal to hold $120 million in Bitcoin reserves. By integrating Bitcoin into its financial operations, the company aims to strengthen its market positioning. This move highlights Genius Group’s long-term confidence in Bitcoin as a core financial asset.
The company’s strategic focus on digital assets emphasizes its efforts to align with evolving global financial trends. This acquisition signals its commitment to incorporating cryptocurrency into corporate strategies.
Corporate Confidence in Bitcoin Grows
MicroStrategy and Genius Group’s Bitcoin acquisitions showcase corporate confidence in the digital asset’s value. These companies use Bitcoin’s expansion to build financial security and achieve sustainable profits.
These moves underline the increasing integration of cryptocurrency into corporate finance. These developments show more businesses now accept digital currencies as regular financial tools. Major companies continue to embrace Bitcoin that changes how money works globally.
The post MicroStrategy and Genius Group Strengthen Bitcoin Strategies with Major Investments appeared first on Cryptonewsland.
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