New Bitcoin treasuries expand globally 

Three new treasuries were launched during the period. A Dutch company secured 1,000 BTC through a $147 million funding round. Chinese-listed CIMG Inc entered with 500 BTC. US-based Hyperscale Data joined with an initial 3.6 BTC. Together, these firms accounted for 1,503 BTC. 

Future commitments showed strong momentum. Canada’s Universal Digital announced a $100 million Bitcoin strategy in Japan through ReYuu. Japan’s Star Seeds pledged ¥1 billion ($6.8 million). In Australia, InFocus Group allocated AUD 2.5 million ($1.6 million) for a Bitcoin ETF. FiscalNote Holdings, Yoshiharu Global, and Sadot Group also revealed treasury preparation plans. 

Existing companies accelerate Bitcoin purchases 

Michael Saylor’s Strategy led the week with a major purchase, taking its stash above 636,500 BTC. Marathon Digital added 1,838 BTC, while Metaplanet acquired 1,009 BTC and surpassed 20,000 BTC in total. American Bitcoin increased its treasury with 502 BTC. 

Meanwhile, miners and firms added in smaller amounts. Cipher Mining bought 195 BTC, CleanSpark secured 124 BTC, Convano added 155 BTC, and Cango acquired 150 BTC. Sequans, Bitdeer Technologies, and DMG Blockchain Solutions made modest allocations. Altogether, 24 companies added 8,339 BTC during the week. 

Future purchase approvals highlighted even larger sums. Metaplanet received approval for a ¥555 billion ($3.8 billion) raise. Japanese firm S-Science lifted its cap to ¥9.6 billion ($65.3 million). The UK’s Smarter Web Company struck a subscription deal worth £24 million ($32.4 million). Hyperscale Data announced a $20 million ATM-based Bitcoin plan, while Convano pledged ¥2.5 billion ($17 million). 

Institutional participation is also widening. Sora Ventures launched a $1 billion Bitcoin treasury fund. American Bitcoin debuted on Nasdaq under the ticker $ABTC. DDC Enterprise expanded its treasury through Gemini, while Empery Digital executed a share repurchase to add Bitcoin. BlackRock recently purchased $290 million worth of BTC. 

Corporate Bitcoin holdings have now exceeded 1 million BTC. This milestone reinforces Bitcoin’s role as a strategic reserve asset for global enterprises. 

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As the largest corporate holder of Bitcoin, MicroStrategy aims to raise $2 billion through a perpetual preferred stock offering to buy more Bitcoin, expanding its “21/21” plan.

In a statement on January 3, the company explained that the perpetual preferred stock could be obtained by converting MicroStrategy’s Class A common stock, paying a cash dividend, redeeming shares, or a combination of these methods.

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This offering is separate from MicroStrategy’s ongoing plan to raise $21 billion in equity and $21 billion in fixed-income instruments. The company has largely implemented this strategy in recent months to finance Bitcoin acquisitions through convertible senior notes and debt.

MicroStrategy plans to carry out the perpetual preferred stock offering this quarter to strengthen its balance sheet and purchase more Bitcoin.

However, the company stated, “The decision whether to proceed with and consummate the Offering is at MicroStrategy’s sole discretion and is subject to market and other conditions.”

“MicroStrategy may choose not to proceed with or consummate the Offering at all.”

MicroStrategy Will Eventually Unravel, Bitcoin Bulls Should Look Elsewhere

According to Bitcoin Treasuries, MicroStrategy owns 446,400 Bitcoin valued at $43.9 billion.

In 2024, it made its largest Bitcoin purchase to date, buying 257,250 Bitcoin alone.

These 446,400 Bitcoin were purchased at an average cost of $62,500, which means MicroStrategy is up 57.2% on its Bitcoin investment.

The company’s Bitcoin investment strategy was led by executive chairman Michael Saylor, who has been a pioneer in corporate Bitcoin adoption worldwide.

Saylor’s Bitcoin strategy has also greatly benefited MicroStrategy (MSTR) shares, which increased by 13.2% to $339.6 on January 3, a 438% rise compared to the same time last year.

However, after the announcement of the perpetual preferred stock offering plan, MSTR shares fell by 0.19% in after-hours trading.

The Change in MSTR’s Share Price on January 3 (including after-hours)

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