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. 

“​​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.

---

Get the news in your inbox. Explore Blockworks newsletters:

• Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
• Empire: Start your morning with the top news and analysis to inform your day in crypto.
• Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
• 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
• Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
• The Drop: For crypto collectors and traders, covering apps, games, memes and more.
• Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.