MicroStrategy buys $615 million worth of Bitcoin, bringing total holdings to $5.9 billion | CoinDesk JAPAN

MicroStrategy, the largest corporate holder of Bitcoin (BTC), made further purchases on the 27th, selling 14,620 BTC for approximately $615.7 million (approximately 86,198 million yen, 140 per dollar). Purchased in yen (converted to yen).

MicroStrategy Executive Chairman Michael Saylor announced on X (formerly Twitter) that MicroStrategy purchased Bitcoin at an average price of $42,110 per BTC.

With this purchase, MicroStrategy’s holdings reach 189,150 BTC, worth approximately $5.9 billion, with an average purchase price of $31,168 per BTC.

MicroStrategy began purchasing Bitcoin in August 2020. The previous purchase took place last month, when he purchased 16,130 BTC, worth approximately $608 million at the time.

In a separate filing, MicroStrategy said it raised $610.1 million from a previously announced $750 million at-the-market (ATM) offering.

As of early December, MicroStrategy had made about $2 billion in unrealized gains from its Bitcoin holdings.

The move comes as Bitcoin prices have been rising in recent months amid growing optimism that U.S. regulators could approve a Bitcoin spot exchange-traded fund (ETF). Some experts believe that this measure will encourage large amounts of investment in crypto assets. MicroStrategy stock is up nearly 315% year-to-date, while Bitcoin is up 200%.

｜Translation and editing: Rinan Hayashi
｜Image: CoinDesk
｜Original text: MicroStrategy Buys $615M Worth Additional BTC, Pushing Holdings to $5.9B