MicroStrategy Buys Additional 15,350 Bitcoin For $1.5 Billion

MicroStrategy purchased an additional 15,350 BTC for $1.5 billion between Dec. 9 and Dec. 15 at an average price of $100,386 per BTC, according to a recent 8-K filing with the Securities and Exchange Commission (SEC).

This brings its total Bitcoin holdings to approximately $46.9 billion at current BTC prices, around 2% of Bitcoin’s total supply. It remains the largest corporate Bitcoin investor in the world.

The company made its latest Bitcoin acquisition shortly after selling 3,884,712 of its MSTR stocks for the same amount during the same period. It follows its plan to raise $42 billion in capital to fund further Bitcoin acquisitions.

MicroStrategy’s $42 Billion Capital Plan

In an Oct. 30 press release, MicroStrategy announced that it had increased its Bitcoin holdings by 11% in the third quarter and increased its year-to-date (YTD) Bitcoin yield to 17.8%. To Microstrategy, Bitcoin yield is the increase in Bitcoin holdings per share over time. The more Bitcoin MicroStrategy accumulates, the higher the Bitcoin per share. It also announced its plan to raise additional capital for further Bitcoin acquisitions.

“Our focus remains to increase value generated to our shareholders by leveraging the digital transformation of capital. Today, we are announcing a strategic goal of raising $42 billion of capital over the next 3 years, comprised of $21 billion of equity and $21 billion of fixed income securities, which we refer to as our “21/21 Plan,” said Phong Le, President and Chief Executive Officer, MicroStrategy.

“As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield.”