MicroStrategy Acquires 18,300 BTC for $1.1 Billion

MicroStrategy has purchased an additional 18,300 BTC for approximately $1.11 billion, at a price of $60,408 per coin. This was announced by the company’s founder, Michael Saylor.

MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per #bitcoin and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 $BTC acquired for ~$9.45 billion at ~$38,585 per bitcoin. $MSTR https://t.co/WBBRSKxA1U

— Michael Saylor⚡️ (@saylor) September 13, 2024

The company has submitted the relevant documents to the U.S. Securities and Exchange Commission.

As of September 12, MicroStrategy holds 244,800 BTC, acquired for approximately $9.45 billion, or about $38,585 per coin. At the time of writing, these assets are valued at $14.15 billion.

According to Saylor, the yield from holding the leading cryptocurrency has been 4.4% since the start of the quarter and 17% since the beginning of the year.

In June, MicroStrategy acquired 11,931 BTC for $785 million, using proceeds from convertible notes and excess cash. The company also issued $800 million in shares.

Back in August, Saylor revealed that he personally owns over $1 billion in digital gold.