MicroStrategy Adds 18,300 Bitcoins, Boosting Total Holdings to $14 Billion

MicroStrategy, once a business software company but now repositioned as a leader in Bitcoin development, has made a significant addition to its cryptocurrency portfolio. The firm recently acquired 18,300 additional bitcoins (BTC), according to Executive Chairman Michael Saylor’s announcement on X (formerly Twitter). The purchase was made at an average price of $60,408 per bitcoin, bringing the company’s total holdings to an impressive 244,800 BTC.

This move raises the value of MicroStrategy's bitcoin investment, which was initially bought at a cost basis of $9.45 billion (or an average of $38,585 per bitcoin). With Bitcoin’s current market price hovering just under $58,000, the company’s total holdings are now worth an estimated $14 billion.

In an interesting development, Saylor highlighted that the company’s Bitcoin yield for the quarter stands at 4.4%, with a 17% yield year-to-date. This yield metric, unique to MicroStrategy, represents the percentage change in the ratio between their bitcoin holdings and assumed diluted shares outstanding over a specific period. 

MicroStrategy began its Bitcoin buying spree in 2020, gradually amassing the largest amount of BTC among publicly traded companies worldwide, according to data from BitcoinTreasuries.

Despite the expansion of its Bitcoin portfolio, MicroStrategy’s stock (MSTR) has remained flat in premarket trading, though it boasts an impressive 91% increase in value year-to-date.

With its continuous investment in Bitcoin, MicroStrategy further solidifies its position as a major player in the crypto space, while also embracing innovative metrics to quantify its growing influence.