MicroStrategy’s Bitcoin Holdings Surge with $150 Million Purchase

BySamson Ononeme

Sep 25, 2023
MicroStrategy's Bitcoin Holdings Surge with $150 Million Purchase

Key Insights

  • MicroStrategy purchased approximately $150 million worth of Bitcoin between August 1 and September 24.
  • The company now holds approximately 158,245 Bitcoins, acquired at an average price of about $29,582 per Bitcoin.
  • To fund this purchase, MicroStrategy issued and sold around 403,362 MSTR shares, part of a strategy to increase its Bitcoin holdings.

In today’s regulatory filing, software developer MicroStrategy has revealed its substantial investment in Bitcoin (BTC), purchasing nearly $150 million worth of the cryptocurrency between August 1st and September 24th.

How many bitcoins does Microstrategy own?

MicroStrategy, along with its subsidiaries, secured approximately 5,445 Bitcoins for a total of approximately $147.3 million in cash. This acquisition came at an average price of approximately $27,053 per Bitcoin, encompassing all associated fees and expenses.

This move has significantly boosted MicroStrategy’s Bitcoin holdings, which now stand at approximately 158,245 Bitcoins. These were obtained at an aggregate purchase price of roughly $4.68 billion, with an average cost of approximately $29,582 per Bitcoin.

To finance this latest acquisition, MicroStrategy issued and sold an aggregate of 403,362 MSTR shares. In addition to this purchase, it’s worth noting that back in August, the company expressed its intention to raise up to $750 million by issuing more shares. These funds were earmarked for various purposes, including expanding their Bitcoin holdings.

Samson Ononeme

Meet Samson Ononeme, a dynamic writer, editor, and CEO of marketsxplora.com. With a passion for words and a sharp business acumen, Samson captivates readers with captivating storytelling and delivers insightful market analysis. He is a trailblazer in the finance industry, empowering individuals with knowledge and shaping the narrative of money. Get ready to be inspired by his literary prowess and entrepreneurial leadership.

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