Microstrategy Buys 18,300 More Bitcoins, Boosting Total Holdings to 244,800 BTC

Microstrategy has acquired 18,300 additional bitcoins for $1.11 billion, funded through stock sales. As of Sept. 12, the company holds 244,800 BTC, purchased at a total cost of $9.45 billion. Executive chairman Michael Saylor announced a BTC yield of 17.0% year-to-date. This acquisition was made through a prior sales agreement enabling stock sales to fund digital asset accumulation.

Microstrategy Acquires 18,300 Bitcoins, Holds 244,800 Total

Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) announced on Friday that it had purchased 18,300 bitcoins between Aug. 6 and Sept. 12 for around $1.11 billion. By Sept. 12, the company held roughly 244,800 bitcoins, acquired at a total cost of about $9.45 billion. Michael Saylor, Microstrategy’s executive chairman, shared on X:

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.

The purchases were made through a sales agreement signed on Aug. 1 with several financial institutions, allowing Microstrategy to sell up to $2 billion in shares. By Sept. 12, 2024, the company had raised approximately $1.11 billion by selling 8,048,449 shares. Microstrategy has heavily relied on equity sales to fund its bitcoin acquisitions, and these sales continued as part of its strategy to accumulate more digital assets.

“As of September 12, 2024, the Company, together with its subsidiaries, held an aggregate of approximately 244,800 bitcoins,” the company’s filing with the U.S. Securities and Exchange Commission (SEC) disclosed.

Microstrategy also highlighted its BTC Yield as a performance indicator. This metric showed a 4.4% yield from July 1 to Sept. 12, and a 17.0% yield for the year-to-date. The BTC Yield measures the ratio of bitcoin holdings to shares outstanding, assessing the effectiveness of its strategy to increase shareholder value through bitcoin purchases. However, the company acknowledged that the BTC Yield has limitations, including not considering liabilities and potential debt refinancing.