MicroStrategy Buys 11,931 More Bitcoin for $786M

MicroStrategy has added another 11,931 BTC to its holdings, bringing its total to 226,331 bitcoins worth nearly $15 billion.
MicroStrategy Buys 11,931 More Bitcoin for $786M
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Key Takeaways

  • MicroStrategy has acquired 11,931 more bitcoins for $786 million.
  • The company now holds 226,331 bitcoins worth nearly $15 billion.
  • MicroStrategy's shares have risen ten-fold since it started buying bitcoin.

Nasdaq-listed software firm MicroStrategy, led by Executive Chairman Michael Saylor, has acquired an additional 11,931 BTC for $786 million.

This brings the company’s total bitcoin holdings to 226,331 tokens, valued just under $15 billion at the current bitcoin price of roughly $66,000.

As of the end of April, MicroStrategy held 214,400 bitcoins.

$800 million offering

This latest purchase was financed through an $800 million convertible note offering, which was initially set at $500 million but increased due to high demand.

MicroStrategy has been actively accumulating bitcoin since 2020, aiming to establish BTC as a reserve asset for corporate treasuries. The company’s bitcoin were bought at an average price of $36,798 each, totaling approximately $8.33 billion in acquisition costs.


Michael Saylor’s strategy has influenced other companies to adopt bitcoin. Recently, U.S.-listed Semler Scientific has also added bitcoin as a significant treasury asset and is seeking to raise capital to increase its holdings, mirroring MicroStrategy’s approach.

MicroStrategy’s shares have surged ten-fold since it began purchasing bitcoin four years ago. Semler’s shares have also risen by over 60% since it started buying bitcoin in late May. Additionally, brokerage firm Bernstein has initiated coverage of MicroStrategy, setting a $2,890 price target for its shares, which are currently trading at $1,507.

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