Share this article
MicroStrategy Buys $615M Worth Additional BTC, Pushing Holdings to $5.9B
MicroStrategy's used almost all of its recent at-the-market shares sales to buy an additional 14,620 bitcoin.
Updated Mar 8, 2024, 7:10 p.m. Published Dec 27, 2023, 2:13 p.m.
MicroStrategy (MSTR), the largest corporate holder of bitcoin , added more to its holdings on Wednesday, buying 14,620 BTC for around $615.7 million.
The company's Executive Chairman, Michael Saylor, tweeted that MicroStrategy bought the bitcoin at an average price of $42,110 per bitcoin.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The recent purchase pushes the company's holdings to 189,150 BTC worth around $5.9 billion, which was bought at an average price of $31,168 per BTC.
MicroStrategy began purchasing bitcoin in August 2020. The company's most recent purchasebefore Wednesday's took place last month, where it purchased 16,130 BTC, worth around $608 million at the time.
In a separate filing, the company said it had raised $610.1 million from its previously announced at-the-market (ATM) shares offering of $750 million.
The company was sitting on around $2 billion in profit from its bitcoin holdings as of early December.
This comes as bitcoin price has been climbing over the past few months amid optimism that U.S. regulators could potentially approve exchange-traded funds (ETFs) that hold BTC, a move some experts believe will prompt a flood of investment into the cryptocurrency. Year-to-date, the shares of MicroStrategy is up nearly 315%, while bitcoin rose 200%.
More For You
What to know:
- 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.
More For You
Bitcoin Holds Near $92K as Selling Cools, but Demand Still Lags
ETF inflows have finally turned positive, but weak on-chain activity, defensive derivatives positioning, and negative spot CVD show a market stabilizing without the conviction needed for a sustained move higher.
What to know:
- Bitcoin markets in Asia are stabilizing but remain structurally weak, with short-term holders dominating supply.
- U.S. ETF flows have shown signs of stabilization, but on-chain activity remains near cycle lows, indicating weak capital inflows.
- Bitcoin and Ether have seen price recoveries driven by spot demand and improved sentiment, while gold is supported by U.S. labor data and Fed rate cut expectations.
Top Stories
