MicroStrategy, a self-described bitcoin development company, has increased its bitcoin holdings to a total of 439,000 BTC after its latest purchase of 15,350 BTC. The acquisition was completed on Dec. 15 and cost a total of $1.5 billion, with an average price of $100,386 per bitcoin. This brings the company’s total holdings to 439,000 BTC worth $45.6 billion at current market prices.
The company’s overall average purchase price is $61,725 per bitcoin. The latest acquisition was funded through share sales under the company’s at-the-market (ATM) program. After the announcement, MicroStrategy has $7.65 billion left in its ATM offering. Executive Chairman, Michael Saylor, has teased the Monday announcement with a Sunday post, a trend that has continued for multiple weeks.
In the previous five weeks, MicroStrategy purchased 171,430 BTC for $15.61 billion. This current ATM offering is part of MicroStrategy’s “21/21 plan”. The company still has $18 billion left of convertible note offerings, of which only $3 billion has been used so far. This announcement follows news of MicroStrategy entering the Nasdaq 100 and the Financial Accounting Standards Board (FASB) adopting fair value accounting for bitcoin and other digital assets for fiscal years after Dec.
15, 2024. Semler Scientific (SMLR) also acquired more bitcoin, purchasing 211 BTC for $421.5 million at $101,890 per bitcoin. As of Dec. 12, Semler Scientific holds 2,084 BTC.
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