30s Summary

MicroStrategy has augmented its Bitcoin holdings by purchasing an additional 15,350 BTC for about $1.5 billion. The purchased Bitcoin were financed through a convertible notes sales agreement, purchased between December 9th and 15th each at an average cost of $100,386. The company now collectively holds 439,000 BTC worth around $45.6 billion. Michael Saylor, MicroStrategy’s founder, stated that he would continue buying Bitcoin, even if its value goes beyond $100,000.

Full Article

MicroStrategy, one of the biggest companies holding Bitcoin, just bumped up their stash by adding another 15,350 BTC, which cost them about $1.5 billion. They announced this new purchase on Monday.

They bought this fresh load of BTC between December 9th and 15th. Each one cost them around $100,386. They used money from selling shares under a convertible notes sales agreement to finance this purchase.

With this new buy, MicroStrategy and its subsidiaries now have a total of 439,000 BTC, which is worth around $45.6 billion. It cost them $27.1 billion to get all this Bitcoin, which means each BTC cost them roughly $61,725 on average.

MicroStrategy’s founder, Michael Saylor, boasted about his company’s impressive Bitcoin performance. They’ve seen a 46.4% return on their Bitcoin investment this quarter, and a whopping 72.4% return so far this year.

Saylor’s recent strategy to buy even more Bitcoin comes quickly after he announced he’d keep buying Bitcoin even if it costs over $100,000. He even declared, “I’m sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin”. He said this during an interview on Yahoo Finance’s Market Domination.

Stay tuned, as this is still unfolding news and we’ll share more details as they come out.