Michael Saylor's MicroStrategy Acquires 18.3K More Bitcoins for $1.1B

Michael Saylor's MicroStrategy has made headlines once again by purchasing an additional 18,300 bitcoins for a staggering $1.1 billion. This acquisition brings the company's total bitcoin holdings to 244,800 BTC, solidifying its position as the largest holder of the asset among publicly-listed companies worldwide.

Key Takeaways

• MicroStrategy purchased 18,300 bitcoins at an average price of $60,408 per token.

• The company's total bitcoin holdings now stand at 244,800 BTC.

• The cost basis for these holdings is $9.45 billion, with an average price of $38,585 per bitcoin.

• At the current price of just under $58,000, the total value of the holdings is approximately $14 billion.

• MicroStrategy has achieved a BTC yield of 4.4% this quarter and 17% year-to-date.

• MSTR shares have risen 91% year-to-date.

A Strategic Move

MicroStrategy, originally a business software firm, has rebranded itself as a bitcoin development company. The latest purchase was made at an average price of $60,408 per bitcoin, according to Executive Chairman Michael Saylor. This move boosts the company's total bitcoin holdings to 244,800 BTC.

Financial Metrics

The cost basis for MicroStrategy's bitcoin holdings is $9.45 billion, translating to an average price of $38,585 per bitcoin. With the current bitcoin price hovering just under $58,000, the total value of these holdings is now around $14 billion.

Yield Performance

Michael Saylor noted that the company has achieved a BTC yield of 4.4% for the current quarter and 17% year-to-date. BTC yield is a metric developed by MicroStrategy to describe the percentage change over a given period of the ratio between the company's bitcoin holdings and its assumed diluted shares outstanding.

Historical Context

MicroStrategy began its bitcoin acquisition strategy in 2020 and has consistently added to its holdings since then. Data from BitcoinTreasuries indicates that MicroStrategy is the largest holder of bitcoin among all publicly-listed companies globally.

Market Reaction

Despite the massive purchase, MSTR shares remained flat in premarket trading but have surged 91% year-to-date. This significant rise reflects investor confidence in MicroStrategy's bitcoin-centric strategy.

Conclusion

MicroStrategy's latest acquisition of 18,300 bitcoins for $1.1 billion underscores its unwavering commitment to bitcoin as a primary asset. With a total of 244,800 BTC now in its portfolio, the company continues to lead the way in corporate bitcoin investment.

Sources

• Bitcoin (BTC) Holdings at MicroStrategy (MSTR) Rise to 244.8K, CoinDesk.

• Активы Bitcoin (BTC) в MicroStrategy (MSTR) выросли до 244,8 тыс, CoinDesk.

• MicroStrategy, de Michael Saylor, compra otros 18.300 bitcoin (BTC) por un valor de USD 1100 millones, CoinDesk.

• Participações em Bitcoin (BTC) na MicroStrategy (MSTR) sobem para 244,8 mil, CoinDesk.

• Bitcoin (BTC) Holdings at MicroStrategy (MSTR) Tumaas sa 244.8K, CoinDesk.