In Brief: MicroStrategy’s Latest Bitcoin Purchases Push Holdings to Record High
MicroStrategy (MSTR), the Tysons Corner, Virginia-based software company, announced it has added 4,225 new Bitcoin (BTC) holdings.
According to an SEC filing, the company purchased these coins between July 7-13 at an average price of approximately $111,827 per BTC, for an aggregate cost of $472 million.
Their total Bitcoin holdings now stand at 601,550 BTC, valued at approximately $72.9 billion.
The acquisition of these additional Bitcoin followed a week during which:
- Bitcoin reached a new all-time high of $122,838.
- The company held its latest weekly purchase after buying Bitcoin in the two previous weeks.
- Several other companies boosted their crypto positions, including Japanese real estate firm Metaplanet, which owns just over 16,000 BTC.
- Publicly traded energy solutions provider KULR acquired an additional 90 BTC.
Following the announcement, MicroStrategy’s stock closed Monday slightly higher (+1.9%) at $442.50.
Meanwhile, Bitcoin retraced from its latest record, trading around $119,850 on Monday — still up 12% over the past week.
Now the largest publicly traded corporate holder of Bitcoin, MicroStrategy’s journey began on August 11, 2020, when Chief Executive Michael Saylor initiated the purchase of $250 million worth of the digital asset.
In a recent tweet, Saylor reiterated the company’s stance, calling Bitcoin “digital gold.” The strategy has yielded impressive returns, pushing MSTR stock up a remarkable 2,960% since its inception five years ago.
Other corporate holders include Tesla and holdings-focused firm Semler Scientific, alongside GameStop.
