Share this article
MicroStrategy Boosts Bitcoin Holdings With $458M Purchase, Upsized Convertible Note Offering to $1B
With the latest acquisition, the company now holds 252,220 bitcoin worth nearly $16 billion at current prices.
Updated Sep 20, 2024, 2:46 p.m. Published Sep 20, 2024, 2:19 p.m.
- The company purchased 7,420 bitcoin between September 13 and 19 for at an average price of $61,750.
- The firm upsized this week's convertible note offering to $1.01 billion principal amount from $700 million, and used the proceeds for the BTC acquisition.
Nasdaq-listed software company MicroStrategy (MSTR) said Friday that it purchased 7,420 bitcoin for about $458.2 million using the proceeds of its debt offering. The acquisition happened between Sept. 13 and 19 at an average BTC price of approximately $61,750.
The company increased its convertible note issuance that concluded Thursday to $1.01 billion from the $700 million principal offering announced earlier this week, according to a Friday filing to the U.S. Securities and Exchange Commission.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The company's bitcoin yield, a novel metric that measures the percentage change in the company's BTC holdings relative to its assumed fully diluted shares outstanding, increased to 5.1% for this quarter, up from 4.4% on September 13, company filings show.
The company, led by Executive Chairman Michael Saylor, has been a pioneer for bitcoin adoption as a corporate treasury asset, and has become the largest corporate holder of BTC since it started buying in 2020.
With the latest purchase, the firm now holds 252,220 bitcoin worth nearly $16 billion at current prices, acquiring at an average BTC price of $39,266 for a total cost of $9.9 billion. The firm still has some $889 million left from its $2 billion ATM equity issuance to acquire more BTC, per last week's regulatory filing.
MicroStrategy's shares were down 1.5% from Thursday's market closing price, with U.S. equity indices and BTC also sliding lower.
Other public companies such as Semler Scientific, miner Marathon Digital and Japanese investment adviser Metaplanet recently have followed MicroStrategy's footprints to issue debt to accumulate BTC.
Read more: Maximizing Bitcoin per Share: A New Corporate Strategy
James van Straten contributed to the reporting.
UPDATE (Sept. 20, 14:45 UTC): Updates to add more context, additional info.
Больше для вас
Что нужно знать:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Больше для вас
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Что нужно знать:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
