MicroStrategy, the self-described Bitcoin development company led by Executive Chairman Michael Saylor, has significantly expanded its Bitcoin holdings once again.
In its latest move, the firm acquired 15,350 BTC at a total cost of $1.5 billion, averaging $100,386 per coin.
This purchase brings MicroStrategy’s total holdings to a record-breaking 439,000 BTC, currently valued at approximately $45.6 billion at prevailing market prices.
The purchase was financed through share sales under the company’s at-the-market (ATM) program, which still has $7.65 billion remaining, according to recent filings. MicroStrategy’s overall average purchase price for its Bitcoin holdings stands at $61,725 per BTC.
This acquisition aligns with the company’s strategic “21/21 plan” to maximize Bitcoin holdings through various funding mechanisms, including its convertible note offerings. Reports indicate the company has $18 billion in convertible notes, with only $3 billion utilized so far.
Continuing a recent trend, MicroStrategy announced its acquisition on a Monday morning before U.S. markets opened. This approach, coupled with news of MicroStrategy’s inclusion in the Nasdaq 100 index effective Dec. 23, has driven pre-market excitement. The company’s share price rose 4% in pre-market trading, reaching $425 per share.
Bitcoin itself has also surged, trading above $104,000 following its recent all-time high of over $106,000.
The announcement coincides with a major regulatory milestone: the Financial Accounting Standards Board (FASB) officially adopted fair value accounting for Bitcoin and other digital assets. Effective fiscal years starting after Dec. 15, 2024, this new accounting standard allows companies to reflect both gains and impairments in net income. Previously, impairments could only be recorded when an asset’s value dropped below its purchase price, while gains were not recognized.
This shift is expected to enhance transparency and make Bitcoin a more attractive reserve asset for corporations.
It is worth noting that MicroStrategy is not alone in its Bitcoin ambitions. Semler Scientific, another firm with a growing Bitcoin portfolio, recently acquired 211 BTC for $421.5 million at an average price of $101,890 per coin. This brings Semler’s total holdings to 2,084 BTC. Additionally, the company increased its ATM offering by $50 million, raising its total to $150 million.
With a historic Bitcoin treasury, strategic Nasdaq inclusion, and favorable regulatory changes, MicroStrategy continues to solidify its position as a key player in corporate Bitcoin adoption.
Market analysts and industry participants will be closely watching the company’s next moves, as its aggressive strategy highlights the growing intersection of traditional finance and digital assets.
