MicroStrategy has boosted its bitcoin holdings to 439,000 BTC following its latest purchase of 15,350 BTC, completed on Dec. 15.
The self-described bitcoin development company revealed that it spent $1.5 billion for the new acquisition, translating to an average price of $100,386 per bitcoin. This brings MicroStrategy’s total BTC holdings to 439,000 BTC, valued at $45.6 billion at current market prices, with an overall average purchase price of $61,725 per bitcoin.
The latest acquisition was funded through the company’s ongoing at-the-market (ATM) share sale program. Before the purchase, MicroStrategy had $9.19 billion remaining under the program, with the figure now reduced to $7.65 billion, according to the company’s latest filing.
Executive Chairman Michael Saylor teased the news on Sunday, continuing a trend of announcing bitcoin purchases on Mondays before the U.S. markets open. Over the past five weeks, MicroStrategy has acquired a staggering 171,430 BTC for $15.61 billion, according to an X post by @LuckyXBT__. The company’s bitcoin-buying spree remains aligned with its broader “21/21 plan.” MicroStrategy also retains access to $18 billion in convertible note offerings, with only $3 billion utilized so far, per the same post.
This announcement follows MicroStrategy’s inclusion in the Nasdaq 100, which is set to take effect on Dec. 23 during the index’s annual rebalancing.
Meanwhile, the Financial Accounting Standards Board (FASB) has adopted new fair value accounting standards for bitcoin and other digital assets, effective for fiscal years beginning after Dec. 15, 2024. Under this rule change, companies will be allowed to account for digital assets at fair value, recognizing both gains and losses in their net income. Previously, firms could only record impairment losses when asset prices declined below the purchase price but were not allowed to reflect increases in value.
Following the dual news of its Nasdaq 100 inclusion and the latest bitcoin acquisition, MicroStrategy’s share price has risen 4% in pre-market trading to $425. Bitcoin also remains strong, trading above $104,000 after recently setting a record high of over $106,000.
In related news, Semler Scientific (SMLR) also increased its bitcoin holdings, purchasing 211 BTC for $421.5 million at an average price of $101,890 per bitcoin. As of Dec. 12, Semler Scientific holds a total of 2,084 BTC. Additionally, the company filed a second prospectus supplement to its S-3 Shelf, increasing its ATM offering by $50 million, bringing the total to $150 million.
