MicroStrategy Buys 15,350 Bitcoin for $1.5B, Bringing Its Total to 439K

MicroStrategy, a business analytics firm and one of the top corporate holders of Bitcoin (BTC), is still stacking BTC despite its all-time high pricing over $106,000.

In a Dec. 16 post on X, MicroStrategy co-founder, chairman, and former CEO Michael Saylor revealed the business bought 15,350 Bitcoin for $1.6 billion, raising its total Bitcoin holdings to 439,000 Bitcoin (nearly $46 billion).

This newest buy cost $100,386 per Bitcoin, including fees and expenditures, compared to the company's average purchase price of $61,725 throughout all assets.


The company's SEC 8-K filing shows acquisitions between Dec. 9 and 15. Over the same time, MicroStrategy sold 3.88 million shares to raise $1.5 billion.

MicroStrategy owns 2.1% of bitcoin's 21 million coins.

Buy the Top, Not the Deep
The recent purchase supports MicroStrategy's Bitcoin-as-treasury reserve approach. Despite recent market turbulence, the business is optimistic about cryptocurrency's future.

MicroStrategy bought 21,550 Bitcoin for $2.1 billion at $98,783 per between Dec. 2 and 8.


On Dec. 2, the business bought 15,400 BTC for $1.5 billion, averaging $95,976 per Bitcoin.

MicroStrategy's Bitcoin investments have been lucrative. According to its SEC 8-K filing, the business has earned 46.4% quarter-to-date and 72.4% year-to-date on its Bitcoin investment.

MicroStrategy Stock Rises as Bitcoin Proxy Joins Nasdaq-100
MSTR shares rose on Monday, Dec. 16, after Nasdaq announced that the business analytics provider will join the tech-heavy Nasdaq-100 index.

MicroStrategy would rank 40th on the Nasdaq 100.


MSTR enters Nasdaq-100. Source: Nasdaq
MicroStrategy's stock has risen more than 519% year-to-date and 16% in the previous 24 hours due to its aggressive Bitcoin acquisition strategy and the cryptocurrency's climb to all-time highs.


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