MicroStrategy acquires another 15,400 bitcoin for $1.5 billion, taking holdings to 402,100 BTC

Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 15,400 BTC for approximately $1.5 billion at an average price of $95,976 per bitcoin between Nov. 25 and Dec. 1, according to an 8-K filing with the Securities and Exchange Commission on Monday.

It follows the sale of a further 3,728,507 MicroStrategy shares during the same period for the same amount. As of Dec. 1, the company said approximately $11.3 billion worth of shares remained available for sale as part of its planned $21 billion equity offering and $21 billion in fixed-income securities, targeting a total $42 billion capital raise over the next three years for further bitcoin acquisitions.

The company now holds 402,100 BTC, worth over $38 billion. MicroStrategy’s total holdings were bought at an average price of $58,263 per bitcoin, a total cost of around $23.4 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor.

MicroStrategy's latest announcement is the fourth week in a row following news last Monday that it had acquired a record 55,500 BTC for roughly $5.4 billion in cash at an average estimated price of $97,862 per coin, including fees and expenses, and $4.6 billion worth of bitcoin the week before.

MicroStrategy uses a key performance indicator it calls “Bitcoin Yield” to measure the percentage change in its bitcoin holdings relative to its diluted shares. As of Dec. 1, the firm’s year-to-date Bitcoin Yield is 63.3%, reflecting significant growth in holdings while balancing share dilution amid the company’s strategy of acquiring bitcoin efficiently to benefit shareholders.

Recently, Saylor advised Microsoft CEO Satya Nadella and its board of directors to adopt bitcoin as a treasury asset.