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MicroStrategy acquires approximately 20,356 more bitcoins

Investing.comFeb 24, 2025 3:26 PM
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Investing.com --MicroStrategy has added approximately 20,356 bitcoins to its holdings between February 18 and February 23, 2025, the company disclosed on Monday. 

The purchase, valued at $1.99 billion in cash, was made at an average price of $97,514 per bitcoin, including fees and expenses.

The acquisition was funded using proceeds from MicroStrategy’s recent $2.0 billion convertible senior notes offering, which was completed on February 21, 2025. 

The 0% convertible notes due 2030 carried a 35% conversion premium over the company's class A common stock’s U.S. composite volume-weighted average price from February 19. Net proceeds from the offering totalled approximately $1.99 billion.

Following the latest purchase, MicroStrategy now holds a total of approximately 499,096 bitcoins, acquired at a cumulative cost of $33.1 billion, reflecting an average purchase price of $66,357 per bitcoin.

The company also reported key Bitcoin-related performance metrics for 2025. Between January 1 and February 23, MicroStrategy’s BTC Yield stood at 6.9%, with BTC Gain of 30,702 and BTC $ Gain of $2.941 billion, based on Coinbase’s 4:00 p.m. EST market price on February 23.

 

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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