MicroStrategy buys 1,665 Bitcoin for $143M, holdings near 848,000 BTC
In brief
- MicroStrategy acquired 1,665 BTC for ~$143M via MSTR share sale proceeds
- Total Bitcoin holdings reached 847,666 BTC valued at $70.3 billion
- MicroStrategy holds 4%+ of Bitcoin supply, largest among public companies
- Purchase marks second consecutive week of Bitcoin accumulation
Accumulation Continues
MicroStrategy acquired 1,665 BTC for approximately $143 million in the latest purchase. This marks the second consecutive week the company has bought Bitcoin. Between September 14 and 20, the company acquired 950 BTC for $76 million as it resumed its accumulation program.
The company's holdings are now substantial. MicroStrategy's total Bitcoin holdings reached 847,666 BTC valued at $70.3 billion, according to the company's statement Monday.
Market Position and Financing
The company holds more than 4% of the total Bitcoin supply, more than any other public company. This positions MicroStrategy as a major player in institutional Bitcoin ownership.
The acquisition was financed with net proceeds from MicroStrategy's MSTR share sales. Between September 21 and 27, the company sold about 1.5 million MSTR shares for $246 million. During the same period, MicroStrategy bought back about 1.5 million STRC shares for nearly $152 million.
The company maintains substantial cash reserves. As of September 27, MicroStrategy had over $5 billion in its USD Reserve and $1 billion in USD Cash. The company reported no sales of STRF, STRC, STRK or STRD through its ATM programs during the week.
Frequently asked questions
How much Bitcoin does MicroStrategy own?
MicroStrategy holds 847,666 BTC valued at $70.3 billion. The company owns more than 4% of Bitcoin's total supply, more than any other public company.
How did MicroStrategy finance this Bitcoin purchase?
The acquisition was financed with net proceeds from MicroStrategy's MSTR share sales. Between September 21 and 27, the company sold approximately 1.5 million MSTR shares for $246 million.
Is MicroStrategy still buying Bitcoin?
Yes. MicroStrategy has purchased Bitcoin for two consecutive weeks. It acquired 950 BTC for $76 million between September 14 and 20, then bought 1,665 BTC for $143 million in the latest purchase.
