MicroStrategy’s bitcoin holdings are worth nearly $15B

MicroStrategy announced that it bought nearly 12,000 more bitcoin from April to late June

article-image

rafapress/Shutterstock modified by Blockworks

share

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. 

“​​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.

Read more: Bitcoin treasury strategies proliferate in a high-inflation world

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. 

Read more: Who’s the better bitcoin salesman: Larry Fink or Michael Saylor?

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.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

AERODROME TEMPLATE.png

Research

Aerodrome is a "MetaDEX" that combines elements of various DEX primitives such as Uniswap V2 and V3, Curve, Convex, and Votium. Since its launch on Base, it has become the largest protocol by TVL with more than $495M in value locked, doubling Uniswap's Base deployment.

article-image

And a look into the newest name on the Trump ticket: Sen. JD Vance

article-image

Plus, Imran Khan’s intriguing experiment on the speeds of crypto onramps

article-image

The SEC has signaled a timeline to issuers that could lead to a July 23 launch for the ETH funds, people close to the process told Blockworks

article-image

PayPal has unequivocally made a name for itself as a crypto adopter among fintech giants

article-image

Also, a look into how the highly-debated SAB 121 could end up shaking out for crypto custodians

article-image

Vance, an Ohio Republican, is largely seen as crypto-friendly