MicroStrategy Added 2,500 Bitcoins for $45M in Last 2 Months

The software company also sold a small amount of the cryptocurrency for the first time.

AccessTimeIconDec 28, 2022 at 1:18 p.m. UTC
Updated May 9, 2023 at 4:05 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

MicroStrategy (MSTR), the business software vendor that was co-founded by crypto proponent Michael Saylor, has added to its bitcoin (BTC) stockpile, purchasing about 2,395 bitcoins for $42.8 million between Nov. 1 and Dec. 21 through its MacroStrategy subsidiary, according to a filing with the Securities and Exchange Commission on Wednesday.

Last Thursday, the company sold about 704 bitcoins for $11.8 million on the premise that a loss on the transaction would offset previous capital gains.

Then on Saturday, the company acquired an additional 810 bitcoins for $13.6 million, bringing its total holdings up to 132,500 bitcoins. That's worth about $2.25 billion at current prices, compared with MicroStrategy's acquisition cost of $4 billion.

The sale last week marks the first time MicroStrategy has sold bitcoin since it began acquiring the cryptocurrency in 2020.

In sum, since Nov. 1, the company added about 2,501 bitcoins to its holdings, spending a net $44.6 million.

Shares of MicroStrategy were up marginally in premarket trading, while the price of bitcoin remained little changed at about $16,700.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.