MicroStrategy Inc. purchased 10,100 bitcoins for approximately $1.1 billion between June 9-15, the business intelligence company disclosed Monday in a Securities and Exchange Commission filing.
The acquisition brings MicroStrategy’s total bitcoin holdings to 592,100 coins, cementing its position as the largest corporate holder of the cryptocurrency. The company paid an average of $104,080 per bitcoin, including fees and expenses.
The purchase was funded through proceeds from the company’s STRK ATM, STRF ATM and STRD offerings, according to the Form 8-K filing.
Since launching its bitcoin strategy in 2020, MicroStrategy has accumulated its holdings at an average cost of $70,666 per coin, primarily through equity offerings. The total investment now exceeds $41.8 billion.
Chairman Michael Saylor has made bitcoin central to the company’s financial strategy, diverging from traditional corporate investments in bonds and other stable assets.
MicroStrategy maintains a dashboard at www.strategy.com with real-time updates on its bitcoin purchases and holdings. The company noted the information is provided for transparency but carries different legal liabilities than formal SEC filings.
The purchase comes amid continued volatility in cryptocurrency markets. MicroStrategy’s aggressive bitcoin accumulation strategy has drawn significant investor attention since its inception.
The company previously faced challenges during the dot-com era, including a 2000 accounting scandal that led to earnings restatements and steep stock declines.
The SEC filing was submitted under Item 7.01 and is considered “furnished” rather than “filed,” limiting its incorporation into other regulatory documents unless explicitly referenced.
Join our Telegram Channel