Particle.news

Download on the App Store

MicroStrategy Acquires $1.5 Billion in Bitcoin, Extending Record Holdings

The company now owns 402,100 Bitcoin, leveraging equity and debt to fund its aggressive cryptocurrency strategy.

Image
Michael Saylor, chairman of MicroStrategy, speaks at the Bitcoin 2024 conference in Nashville on July 26.
Image
bitcoin gold

Overview

  • MicroStrategy purchased 15,400 Bitcoin for $1.5 billion at an average price of $95,976 per coin, bringing its total holdings to 402,100 BTC, valued at approximately $38 billion.
  • The company has raised $1.48 billion through stock sales in the past week, part of a broader plan to raise $42 billion over three years to fund Bitcoin purchases.
  • MicroStrategy shares have surged over 500% year-to-date, outperforming Bitcoin itself, as the company leverages its Bitcoin holdings for shareholder returns.
  • Chairman Michael Saylor presented to Microsoft's board, urging the tech giant to adopt Bitcoin as a treasury strategy, projecting potential gains of up to $5 trillion in market value.
  • While the strategy has fueled growth, analysts warn of risks if Bitcoin's price stagnates or declines, which could pressure MicroStrategy's debt-heavy financial model.