MicroStrategy’s bitcoin holdings are worth nearly $15B

Can’t stop, won’t stop.

MicroStrategy announced in a filing with the Securities and Exchange Commission that it acquired over 11,900 more bitcoin in a period spanning from late April to Wednesday, June 19.

The bitcoin accrued at an average price of $65,883 per bitcoin, for roughly $780 million. The company now has 226,331 bitcoin, worth nearly $15 billion.

That’s roughly 1% of all bitcoin, and also makes MicroStrategy the largest publicly listed corporate holder of bitcoin.

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“As of June 20, 2024, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 226,331 bitcoins, which were acquired at an aggregate purchase price of approximately $8.33 billion and an average purchase price of approximately $36,798 per bitcoin, inclusive of fees and expenses,” the company said in a filing with the SEC.

The latest buys come after MicroStrategy announced another senior notes convertible offering, which was upsized to $700 million from $500 million. Though, according to a press release, the company managed to raise $800 million.

Like the other offerings, MicroStrategy said it planned to use the money to acquire more bitcoin.

Since the beginning of the year, the company has made a few senior convertible notes offerings and, in return, has gone on a bit of a shopping spree when it comes to loading up its bitcoin stash.

MicroStrategy’s stock is up over 345% in the past year, though it’s tumbled roughly 8% in the past week.

Other publicly traded US firms, including DeFi Technologies and Semler Scientific, have adopted their own bitcoin treasury strategies in the wake of MicroStrategy. Over in Japan, Metaplanet also adopted its own bitcoin treasury strategy and has been buying more bitcoin over the past few months.

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