MicroStrategy acquires 122 BTC in April to bring total Holdings to 214400 BTC

MicroStrategy, led by Michael Saylor, disclosed fresh data on its Bitcoin (BTC) holdings on Monday alongside its first-quarter 2024 earnings report.

The largest corporate holder of bitcoin and the largest independent publicly traded business intelligence company announced that it bought 122 BTC in April to bring total holdings to 214,400 BTC.

The company stated it possesses 214,400 BTC, which is valued at $7.54 billion in total, or $35,180 per token. Following these most recent acquisitions, MicroStrategy now owns about 1% of the entire Bitcoin supply.

In a press release announcing MicroStrategy's quarterly report, the firm purchased about 25,250 Bitcoin for $1.65 billion at a price of $65,232 per BTC in the first three months of the year.

In addition, Saylor posted on social media about the company's acquisition of an extra 122 bitcoins in April for $7.8 million.
 

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President and Chief Executive Officer, MicroStrategy, said that being the first Bitcoin development company in history, MicroStrategy is dedicated to advancing the Bitcoin network via advocacy, technological innovation, and involvement in the financial markets. We currently own 214,400 bitcoins at an average purchase price of $35,180 each, thanks to our innovative bitcoin strategy and reliable operational history. We are thrilled that our cloud platform is still being adopted globally.

The company's Chief Financial Officer, Andrew Kang, stated that in the first quarter of 2024 that Microstrategy raised over $1.5 billion by executing again on our capital markets strategy, including two successful convertible debt offerings.

He added that MicroStrategy has acquired 25,250 additional bitcoins since the end of the fourth quarter, which makes it our 14th consecutive quarter of adding more BTC to our balance sheet. We think there is a special chance to create value for our shareholders because of our operating structure, bitcoin strategy, and emphasis on technological innovation.

Last month, between March 11 and March 18, the business software company MicroStrategy completed an acquisition, which included fees and expenses and was completed at an average price of $67,382 per bitcoin.

Using $30.7 million in extra cash and $592.3 million from the proceeds of a recent private offering of convertible senior notes, the company acquired 9,245 more bitcoins for $623 million in cash, increasing its total bitcoin holdings to 214,246 BTC.

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