MicroStrategy Amasses 1% of Bitcoin Supply After Latest Buy

MicroStrategy goes on another Bitcoin buying spree after raising funds in a private offering.

Micheal Saylor celebrating Bitcoin and MicroStrategy.
Created by Kornelija Poderskytė from DailyCoin
  • MicroStrategy went on another Bitcoin buying spree.
  • The company purchased convertible senior notes after completing a private offering.
  • The latest acquisition pushes MicroStrategy’s Bitcoin treasury to a key level.

Michael Saylor’s business intelligence firm MicroStrategy now holds about 1% of the entire 21 million Bitcoin supply following its latest purchase, valued at over half a billion.

MicroStrategy’s latest Bitcoin buying spree comes when the world’s largest crypto asset has lost 12.66% of its value in the last seven days, sparking pre-halving danger zone concerns. At last check, BTC had witnessed an intraday decline of 6.6% and was trading at $63,205, CoinMarketCap data shows.

MicroStrategy Buys Additional 9,245 BTC

Per a Tuesday filing, MicroStrategy acquired an additional 9,245 Bitcoins between March 11 and March 18 at an average price of approximately $67,382 per BTC, including fees and expenses, bringing the total acquisition cost to approximately $623 million.


Of the $623 million, $592.3 million came from the proceeds of a recent private offering of convertible senior notes. In comparison, $30.7 million constituted excess cash, as defined in the company’s Form 10-K for the fiscal year ended December 31, 2023.

With the latest purchase, MicroStrategy and its subsidiaries now hold about 214,246 bitcoins, equivalent to over 1% of the entire BTC supply.

According to the filing, these bitcoins were bought at an average total price of $7.53 billion, translating to about $35,160 per BTC, including fees and expenses.


Read about MicroStrategy’s previous Bitcoin buy:

MicroStrategy Bitcoin Bag Nears Key Milestone with $822M Buy

Stay updated on MicroStrategy’s X account recent hack:

MicroStrategy’s X Account Suffers Phishing Scam Cyberattack

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.