MicroStrategy has expanded its bitcoin holdings to a total of 439,000 BTC, following the acquisition of 15,350 BTC on December 15, further solidifying its position as one of the largest corporate holders of bitcoin.
The company revealed that its latest purchase cost $1.5 billion, with an average price of $100,386 per bitcoin. This acquisition increases MicroStrategy’s total bitcoin holdings to $45.6 billion, based on current market prices, and brings its overall average purchase price to $61,725 per bitcoin.
The purchase was funded through sales of shares under the company’s at-the-market (ATM) program. Prior to the transaction, MicroStrategy had $9.19 billion remaining in the ATM offering, which has now been reduced to $7.65 billion, according to the company’s latest filing.
MicroStrategy’s Executive Chairman, Michael Saylor, had hinted at the purchase in a Sunday post, continuing the pattern of announcing bitcoin acquisitions on Mondays before U.S. market hours. Over the past several weeks, the company has purchased a total of 171,430 BTC for $15.61 billion. This transaction is part of MicroStrategy’s broader “21/21 plan,” and the company still has $18 billion available from its convertible note offerings, with only $3 billion used so far.
This latest announcement comes after news that MicroStrategy will be added to the Nasdaq 100 index, a move set to take effect on December 23. The inclusion in the index represents another step toward increasing the company’s exposure to institutional investors.
Additionally, the Financial Accounting Standards Board (FASB) has approved new accounting rules that will allow companies to account for digital assets like bitcoin using fair value measurement starting in fiscal years after December 15, 2024. This change will enable businesses to recognize both gains and losses on their crypto holdings, a shift from previous rules that only allowed recognition of losses.
Following the announcement, MicroStrategy’s stock saw a 4% increase in pre-market trading, reaching $425 per share. Meanwhile, bitcoin continues to trade above $104,000, having recently surpassed its all-time high of $106,000.
Semler Scientific (SMLR) also made a bitcoin acquisition, purchasing 211 BTC for $421.5 million at an average price of $101,890 per bitcoin. The company now holds a total of 2,084 BTC and has increased its ATM offering by $50 million, bringing the total to $150 million.
