MicroStrategy buys 15.3K Bitcoin for $1.5B, holdings reach 439K BTC

MicroStrategy, a major corporate Bitcoin holder, has added 15,350 BTC to its reserves, spending about $1.5 billion in cash, the company said on Dec. 16.

MicroStrategy acquired the fresh stash of Bitcoin (BTC) between Dec. 9 and 15, the company announced.

The latest purchase was made at an average price of $100,386 per BTC using proceeds from the issuance and sale of shares under a convertible notes sales agreement.

The acquisition brings the total Bitcoin holdings of MicroStrategy and its subsidiaries to 439,000 BTC ($45.6 billion), bought at the aggregate purchase price of $27.1 billion, or an average price of $61,725 per BTC.

72% Bitcoin yield YTD

MicroStrategy founder Michael Saylor highlighted the company’s Bitcoin performance, noting a 46.4% yield quarter-to-date and a 72.4% yield year-to-date.

Source: Michael Saylor

The latest MicroStrategy Bitcoin acquisition comes shortly after Saylor said he’d continue to buy Bitcoin above $100,000 amid MicroStrategy announcing another 21,550 Bitcoin purchase on Dec. 9. 

Related: Saylor expects MARA to be ‘the next’ Bitcoin firm to join Nasdaq 100

“I’m sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion a day of Bitcoin at $1 million a coin,” Saylor said in an appearance on Yahoo Finance’s Market Domination.

MicroStrategy to join the Nasdaq 100 next week

MicroStrategy’s aggressive Bitcoin buying comes amid an ongoing rally in its share price, which has climbed 490% year-to-date, according to TradingView data.

On Dec. 14, Nasdaq announced MicroStrategy stock will be added to the Nasdaq-100 Index, which tracks the performance of the 100 largest non-financial companies on the Nasdaq stock exchange.

MicroStrategy (MSTR) price chart YTD. Source: TradingView

Although MicroStrategy is expected to join the index before the market opens on Dec. 23, the announcement has fueled a rally in its stock price, edging up 3% in premarket trading, according to CNBC.

At the time of writing, the MicroStrategy stock traded in the premarket for $408.70, according to data from TradingView. Bitcoin traded at $103,941, up around 1.3% over the past 24 hours, according to CoinGecko data.

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