MicroStrategy Bitcoin (BTC) Holdings Grow by 12,222 BTC in Q2, Now Holds 226,500 BTC Worth $14.65B

Since the beginning of Q2, MicroStrategy has grown its BTC holding by 12,222 Bitcoin. With the recent BTC acquisition, MicroStrategy now holds 226,500 BTC worth $14.65 billion.

MicroStrategy has announced a recent acquisition of 169 Bitcoin (BTC), valued at approximately $11.4 million in July 2024. This addition brings MicroStrategy's total BTC holdings to 226,500, collectively worth $8.3 billion at the time of the announcement.

"In Q2, we successfully raised an additional $800 million through our offering of 2.25% convertible senior notes due 2032 and called for redemption our $650 million convertible senior notes due 2025," Andrew Kang, Chief Financial Officer, MicroStrategy, said in a report.

Moreover, MicroStrategy has increased its BTC holdings by 12,222 Bitcoin since the beginning of Q2, according to the report. MicroStrategy's average buying price for this vast BTC holding was approximately $36,821 as of July 31, 2024. However, at press time, these BTC holdings are valued at $14.65 billion.

"On the adoption front, we are extremely optimistic with the improved understanding of Bitcoin and the increasing support for the ecosystem from bipartisan politicians and institutions on display at the Bitcoin 2024 Conference in Nashville," Le added in a report.

notable MicroStrategy, the largest corporate BTC holder, has continuously reported its BTC acquisitions. In July, the company's BTC buying spree included 169 coins, and now, with the recent addition, MicroStrategy holds 226,500 BTC, as stated by Michael Saylor on August 2, 2024.

As reported earlier this year, MicroStrategy planned to sell Class A common stock and use the proceeds to buy more Bitcoin. In March 2024, the company announced a follow-on offering of Class A common stock to the tune of $500 million, with the intention of using the net proceeds to further enhance its Bitcoin holdings.

In May 2024, MicroStrategy announced an additional offering of $1 billion aggregate principal amount of 2.25% convertible senior notes due 2032. The company also announced the redemption of its outstanding $650 million aggregate principal amount of 3.75% convertible senior notes due 2025.

Later in August, MicroStrategy announced a諉further purchase of 301 Bitcoin in June, bringing its total BTC holdings to 129,218 coins, valued at approximately $4.01 billion at the time of the purchase. The company's average purchase price for this large BTC holding was around $30,744 as of June 30, 2023.

As of press time, BTC is experiencing a slight recovery, trading near the $64,700 level, with a 2% price jump in the last 1 hour. However, over the last 24 hours, BTC is still down by 0.5%. Meanwhile, Ethereum (ETH) has also experienced a 1.2% price surge in the last 1 hour and is currently trading near the $3,160 level.

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