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MicroStrategy Bought 5,445 Bitcoin for $150M Since August

The software ompany now holds nearly $4.68 billion worth of the largest cryptocurrency by market capitalization.

Updated Sep 25, 2023, 4:40 p.m. Published Sep 25, 2023, 12:25 p.m.
MicroStrategy CEO Michael Saylor (MicroStrategy via Flickr)
MicroStrategy CEO Michael Saylor (MicroStrategy via Flickr)

Software developer MicroStrategy (MSTR) purchased nearly $150 million worth of bitcoin (BTC) between Aug.1 and Sept.24, it said in a Monday regulatory filing.

"MicroStrategy, together with its subsidiaries, acquired approximately 5,445 bitcoins for approximately $147.3 million in cash, at an average price of approximately $27,053 per bitcoin, inclusive of fees and expenses," the company said in the filing.

MicroStrategy now holds approximately 158,245 BTC, which were acquired at an aggregate purchase price of approximately $4.68 billion at an average purchase price of roughly $29,582 per bitcoin.

The company said it had issued and sold a total of 403,362 MSTR shares to fund the purchase. In August, MicroStrategy said it may raise up to $750 million by selling more stock, and plans to use some of the proceeds to buy more bitcoin.


Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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