MicroStrategy's bitcoin holdings reach 205,000 BTC with latest purchase, exceed BlackRock's ETF

Michael Saylor's MicroStrategy acquired around 12,000 more bitcoins for roughly $821.7 million in cash, increasing its total bitcoin holdings to 205,000 BTC. This surpasses the holdings of the largest BlackRock's spot bitcoin exchange-traded fund, which stands at 197,943 BTC.

MicroStrategy's latest acquisition took place from Feb. 26 to Mar. 10, 2024, at an average price of around $68,477 per bitcoin, including fees and expenses, the business intelligence company said Monday.

The company bought the latest bitcoins using $781.1 million from the proceeds of a recent private offering of convertible senior notes, along with $40.6 million of excess cash.

MicroStrategy’s aggregate purchase price of all bitcoins is around $6.91 billion, while its current market value is above $14.7 billion. The price of bitcoin has surged this year, reaching around $72,000, marking a new all-time high.

MicroStrategy’s average purchase price per bitcoin stands at around $33,706, inclusive of fees and expenses.