MicroStrategy Adds to Bitcoin Holdings, Now Owning 439,000 BTC Post Nasdaq 100 Inclusion

MicroStrategy has raised its total bitcoin holdings to 439,000 BTC after completing a recent acquisition of 15,350 BTC on December 15.

The business, which positions itself as a leader in bitcoin development, confirmed that the latest purchase cost $1.5 billion, with each bitcoin priced at an average of $100,386. This addition boosts the company’s total holdings to $45.6 billion at current market value. The overall average price paid for its bitcoin is now $61,725 per coin.

This purchase was financed through MicroStrategy’s ongoing at-the-market (ATM) share offering program. Prior to the purchase, the company had $9.19 billion remaining in its ATM program, which now stands at $7.65 billion following the transaction.

Executive Chairman Michael Saylor hinted at the acquisition in a social media post on Sunday, maintaining a recurring trend of announcing bitcoin buys on Mondays before U.S. markets open. Over the past month, MicroStrategy has accumulated a total of 171,430 BTC, investing approximately $15.61 billion. This buy aligns with MicroStrategy’s long-term strategy, the “21/21 plan.” The company still has $18 billion left in convertible note offerings, with only $3 billion utilized thus far.

In addition to the bitcoin purchase, the company recently made headlines with its inclusion in the Nasdaq 100, set to take effect on December 23. This inclusion represents a significant milestone, as it will provide MicroStrategy with further exposure to institutional investors.

Meanwhile, the Financial Accounting Standards Board (FASB) has announced new accounting guidelines that will allow companies to account for digital assets like bitcoin using fair value measurement starting in fiscal years after December 15, 2024. This shift will enable firms to recognize both gains and losses on their crypto holdings, which contrasts with previous rules that only allowed the recognition of losses.

Following these announcements, MicroStrategy’s stock price increased by 4% in pre-market trading, reaching $425 per share. Bitcoin is currently trading above $104,000, with its all-time high recently surpassing $106,000.

Semler Scientific (SMLR), another company involved in bitcoin acquisitions, recently bought 211 BTC for $421.5 million at an average price of $101,890 per coin. The company now holds 2,084 BTC and has raised its ATM offering by an additional $50 million, increasing the total to $150 million.