MicroStrategy (MSTR) has significantly increased its Bitcoin holdings, purchasing an additional 51,780 BTC for $4.6 billion over a six-day period ending Sunday. This latest acquisition brings the company’s total Bitcoin holdings to 331,200 BTC, which it has acquired at a cost of roughly $16.5 billion. Based on the current market price of Bitcoin around $90,000, the total value of MicroStrategy’s Bitcoin portfolio is now close to $30 billion.
To finance this latest Bitcoin purchase, MicroStrategy utilized its share issuance program, selling approximately 13.6 million shares for $4.6 billion. The company still has the ability to raise an additional $15.3 billion through this program, according to a regulatory filing released on Monday.
This recent acquisition follows closely on the heels of MicroStrategy’s previous announcement just a week ago, where it had acquired 27,200 BTC for $2 billion. In total, MicroStrategy has purchased about 72,000 BTC in the past few weeks, investing a total of $6.6 billion.
Despite a slight 1% drop in its stock price during premarket trading, MicroStrategy’s shares have experienced a remarkable nearly 400% increase in value year-to-date.
