MicroStrategy Acquires Additional 51,780 Bitcoin for $4.6 Billion

SUMMARY

MicroStrategy now holds 331,200 Bitcoins, acquired for approximately $16.5 billion and valued at nearly $30 billion.
The company recently added 51,780 BTC for $4.6 billion over six days ending Sunday.

MicroStrategy (MSTR) demonstrated its steadfast commitment to Bitcoin (BTC) by purchasing 51,780 BTC for $4.6 billion over six days, ending on Sunday. This move further cements the company’s position as a major corporate bitcoin holder. Since it began acquiring Bitcoin in August 2020, MicroStrategy has amassed 331,200 BTC at a total cost exceeding $16.5 billion. With current Bitcoin prices around $90,000, these holdings are valued at just under $30 billion.

The funding for this significant purchase came from MicroStrategy’s at-the-market share issuance program. The company sold about 13.6 million shares to raise the $4.6 billion necessary for the latest acquisition. Additionally, a regulatory statement released on Monday noted that MicroStrategy still has around $15.3 billion worth of stock remaining for potential sale under its current share issuance plan. This strategy showcases the company’s aggressive approach to financing its ongoing Bitcoin acquisitions.

A week earlier, MicroStrategy had announced another significant acquisition: $2 billion for 27,200 Bitcoin. With this addition, the company’s recent purchases over the last few weeks have now totaled about 72,000 BTC at a cost of $6.6 billion. As one of the most important institutional players in the cryptocurrency market, MicroStrategy’s dedication to its bitcoin-centric strategy is demonstrated by these consecutive, sizable acquisitions.

This expansion strategy not only reinforces MicroStrategy’s reputation as a self-described Bitcoin Development Company but also illustrates its continued bet on the long-term growth of Bitcoin. The company’s active use of share issuances to finance these acquisitions reflects its bold approach to leveraging equity to increase its cryptocurrency portfolio.

MicroStrategy has a greater impact on the business adoption of bitcoin due to its significant BTC holdings and steady market activity. MicroStrategy distinguishes itself as a leader among publicly traded firms incorporating cryptocurrencies as a treasury reserve asset by carefully coordinating its financial strategy with the performance of BTC.