MicroStrategy Acquires $5.4 Billion Worth of Bitcoin, Boosting Total Holdings

YEREVAN (CoinChapter.com) — MicroStrategy announced the acquisition of 55,000 Bitcoin (BTC) worth $5.4 billion in a filing dated Nov. 25. The company purchased the Bitcoin between Nov. 18 and 24, paying an average price of $97,862 per coin.

This purchase increased MicroStrategy’s total Bitcoin holdings to 386,700 BTC, acquired at a total cost of $21.9 billion. Moreover, the average acquisition price across all purchases stands at $56,761 per coin.

Funding Sources for MicroStrategy’s Bitcoin Purchase

The acquisition was financed using funds raised through multiple methods. MicroStrategy completed a 0% convertible senior notes offering due in 2029, raising $2.97 billion as of Nov. 21. In addition, the firm generated $2.46 billion through its at-the-market (ATM) equity program by selling 5,597,849 shares.

The total proceeds from these offerings provided liquidity to execute the purchase. As of Nov. 24, the company also reported having $12.8 billion in remaining capacity under its ATM equity program.

Bitcoin Yield Highlights Strategic Shift

Additionally, MicroStrategy used its Form 8-K disclosure to report on a new performance metric termed Bitcoin Yield. This metric measures the percentage change in Bitcoin holdings relative to assumed diluted shares outstanding.

The company reported a Bitcoin Yield of 59.3% as of Nov. 24, a notable increase from the 35.2% reported at the end of the third quarter. This reflects the firm’s focus on incorporating Bitcoin into its financial strategy.

Semler Scientific Expands Bitcoin Treasury

Healthcare company Semler Scientific also reported increasing its Bitcoin holdings. Between Nov. 18 and 22, it acquired 297 BTC at an average price of $75,039 per coin, spending a total of $29.1 million.

Consequently, this purchase raised Semler Scientific’s total Bitcoin holdings to 1,570 BTC. The company expanded its ATM equity program by $50 million, doubling its capacity to $100 million. As of Nov. 22, Semler reported a year-to-date Bitcoin Yield of 58.4%.