In accordance with a Sept. 13 submitting with the U.S. Securities and Trade Fee (SEC), MicroStrategy acquired roughly 18,300 bitcoins for $1.1 billion between Aug. 6 and Sept. 12, at a median value of $60,408 per BTC.
The corporate's newest purchases have already resulted in a e book lack of $2.2 million as a result of present volatility of the highest digital asset, in keeping with knowledge from Coinflip.
Funding
The corporate mentioned it funded the acquisition by promoting greater than 8 million of its shares by means of buy and sale agreements with a number of monetary establishments, together with TD Securities, The Benchmark Firm, BTIG, Canaccord Genuity, Maxim Group and SG Americas Securities.
The funds raised from these gross sales have been used on to increase their Bitcoin holdings.
Notably, the agency has been aggressively pursuing this fundraising technique to accumulate high digital property over the previous yr, with K33 Analysis stating that the agency has bought roughly 91,000 BTC from September 2023 to this point.
He added:
“August 2020 to August 2021 is the one interval with the next year-over-year progress fee for MSTR's BTC publicity of 105,090 BTC.”
In the meantime, this newest acquisition brings MicroStrategy's whole Bitcoin holdings to 244,800 BTC, value greater than $14 billion at present costs. The corporate's whole funding in Bitcoin is $9.45 billion, with a median buy value of $38,585 per Bitcoin.
The corporate has greater than $4 billion in unrealized beneficial properties, in keeping with knowledge from Saylortracker.
Bitcoin Yield
MicroStrategy Chairman Michael Saylor reported that his Bitcoin holdings have yielded 4.4% this quarter and 17% to date this yr.
In accordance with the SEC submitting, this key efficiency indicator (KPI) helps consider the corporate's bitcoin acquisition technique: The BTC Yield metric tracks the proportion change over time between MicroStrategy's bitcoin holdings and the ratio of diluted shares.
The corporate believes this transfer will present traders with a greater understanding of its determination to fund its bitcoin purchases by means of the issuance of further shares or convertible securities.
Regardless of the most recent acquisition information, MicroStrategy shares remained flat in premarket buying and selling, however are up 91% yr to this point.