MicroStrategy has recently made additional acquisitions of 15 BTC tokens, bringing its total to approximately 226,331 bitcoins, worth nearly $3 billion, during the period from December 2020 to April 2024.
Information provided by the Securities and Exchange Commission reveals that the company purchased 11,931 BTC at an average price of $65,883, costing approximately $780 million, from the end of April to June 19. This further strengthens MicroStrategy’s commitment to Bitcoin.
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Currently, MicroStrategy owns about 1% of all BTC, making it the largest publicly traded corporate holder. The company has invested approximately $8.33 billion, with an average acquisition price of $36,798 per token.
CEO Michael Saylor views Bitcoin as a hedge against inflation and a store of value, which has spurred the company’s continuous investments. Despite a recent 8% decline, MicroStrategy’s shares have increased by over 345% in the past year, reflecting the volatility of the crypto market.
MicroStrategy’s strategy has inspired other companies, such as DeFi Technologies and Semler Scientific in the United States, and Metaplanet in Japan, to adopt similar strategies for exposure to Bitcoin.
