MicroStrategy Accelerates Bitcoin Holdings with $615.7 Million Acquisition

MicroStrategy, a renowned business intelligence and software firm, has once again demonstrated its unwavering commitment to Bitcoin by acquiring an additional 14,620 BTC at a total expenditure of $615.7 million, as declared by Founder & Chairman Michael Saylor today. This strategic move coincided with Bitcoin's surge, reaching peaks exceeding $42,000. MicroStrategy initially entered the Bitcoin market in August 2020, making a substantial initial investment of $250 million in BTC. Since then, they have consistently bolstered their Bitcoin holdings, executing a treasury reserve approach that has amassed over 189,150 bitcoins, currently valued at over $8.11 billion.

In an official announcement on December 27, 2023, MicroStrategy Incorporated revealed, "During the period between November 30, 2023, and December 26, 2023, MicroStrategy, along with its subsidiaries, acquired approximately 14,620 bitcoins for approximately $615.7 million in cash. The average purchase price was approximately $42,110 per bitcoin, inclusive of fees and expenses." The statement further disclosed that, as of December 26, 2023, MicroStrategy, along with its subsidiaries, collectively held around 189,150 bitcoins. These bitcoins were procured at an aggregate purchase price of approximately $5.895 billion, with an average purchase price of roughly $31,168 per bitcoin, inclusive of fees and expenses.

With the impending fourth Bitcoin halving and potential approval of the first spot Bitcoin ETF in the United States early in the new year, MicroStrategy remains committed to its proactive bitcoin investment strategy, showing no indications of deceleration.