Share this article
During the third fiscal quarter of 2021, MicroStrategy added approximately 9,000 Bitcoin to its balance sheet.
MicroStrategy Reveals Total Bitcoin Holdings
MicroStrategy has revealed it added “nearly 9,000” Bitcoin to its reserves in its Q3 2021 financial report, raising its total holdings to 114,042.
At the current market price of about $61,000, the total value of MicroStrategy’s Bitcoin holdings have risen to roughly $7 billion.
Between July and September of 2021, the business intelligence company spent about $419.5 million on acquiring 8,957 BTC at an average unit price of $46,845, per its 8-K form filed with the U.S. Securities and Exchange Commission.
The firm also noted that that the original cost of acquiring all of its Bitcoin reserves was $3.16 billion, with an average unit price of roughly $27,713.
MicroStrategy’s CEO Michael Saylor stated in the report that his company would “continue to evaluate opportunities to raise additional capital” to purchase Bitcoin. MicroStrategy has taken a number of strategic steps to raise capital for Bitcoin over the last year, including selling $1.75 billion worth of convertible senior debt notes and announcing a $1 billion stock offering.
In a Thursday Twitter post, Saylor disclosed that he personally owns 17,732 Bitcoin, worth about $1.08 billion. He acquired them at an average price of $9,882 per unit.
Both Saylor and MicroStrategy have turned their focus to Bitcoin over the last year. MicroStrategy was one of the first publicly-traded companies to add Bitcoin to its balance sheet. From August through September 2020, it purchased $425 million worth of the asset and has continued to accumulate throughout 2021.
Since MicroStrategy started investing in Bitcoin, several other major U.S. companies like Tesla and Square have also followed its lead. Still, with almost $7 billion in its holdings, MicroStrategy is the largest corporate owner by some distance.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Microstrategy Adds to Bitcoin Stash, Now Holds $5.1B
MicroStrategy has purchased another 5,050 Bitcoin, bringing its total holdings to 114,042 BTC. MicroStrategy Increases BTC Holdings MicroStrategy has added a further 5,050 bitcoin to its holdings. The U.S. business…
MicroStrategy Buys The Dip With $489 Million BTC Purchase
MicroStrategy has completed a $489 million Bitcoin purchase from the proceeds of the sale of $500 million in senior debt notes last week. MicroStrategy and the Big Bitcoin Bet The…
MicroStrategy Spends Another $177M on Bitcoin
Virginia-based software and data analytics company MicroStrategy has added another 3,907 Bitcoin to its balance sheet. MicroStrategy Keeps Stacking Bitcoin Whereas most retail investors can only afford to “stack sats,”…