MicroStrategy Reinforces Bitcoin Holdings with $1.1 Billion BTC Acquisition

• MicroStrategy has reinforced its commitment to Bitcoin.
• The company bought over a billion worth of the original crypto.
• Michael Saylor shared the QTD and YTD Bitcoin yield derived from the company’s holdings.  

Business intelligence firm MicroStrategy has bolstered its Bitcoin holdings with an additional acquisition worth over a billion dollars, the company said Friday in an SEC filing.

MicroStrategy’s fresh Bitcoin purchase followed another acquisition of 12,222 BTC for $805.2 million in August, which brought its total holdings to 226,500 BTC. The company introduced its BTC Yield metric as a KPI for evaluating the performance of its Bitcoin accumulation strategy in a “manner it believes is accretive to shareholders.”

MicroStrategy’s Latest Bitcoin Purchase

Per the filing , MicroStrategy has acquired 18,300 Bitcoins for approximately $1.11 billion in cash, pushing its total BTC holdings to 244,800 BTC, worth about $14 billion. The Bitcoins were acquired between August 6 and September 12 at an average price of $60,408 per bitcoin, including fees and expenses.

MicroStrategy said the fresh acquisition was funded with proceeds from the issuance and sale of up to $2 billion of its stock under an August 1 agreement with TD Securities. The company confirmed it had sold 8,048,449 shares for $1.11 billion as of September 12, corresponding to the acquisition value of the new purchase.

Confirming the news on X, MicroStrategy’s founder and executive chairman Michael Saylor said the company’s Bitcoin holdings have achieved a BTC yield of 4.4% so far this quarter.

“MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per #bitcoin and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 $BTC acquired for ~$9.45 billion at ~$38,585 per bitcoin,” Saylor wrote .

According to BitcoinTreasuries data, the purchase has reinforced MicroStrategy’s position as the biggest holder of the largest crypto by market cap among all public-listed companies globally.

Stay updated on Bitcoin’s rebound: 
Bitcoin Impresses With $58,000 Rebound After CPI-Fueled Plunge

Read about MicroStrategy’s partnership with Metaplanet:
Metaplanet Bolsters Bitcoin Initiative with New ‘Strategic’ Partnership