MicroStrategy Increases Bitcoin Holdings to 439,000 BTC Amid Nasdaq 100 Entry

MicroStrategy has expanded its bitcoin holdings to a total of 439,000 BTC after acquiring 15,350 BTC on December 15.

The bitcoin-centric business revealed that it spent $1.5 billion on this latest acquisition, with the purchase price averaging $100,386 per bitcoin. This brings MicroStrategy’s total bitcoin reserves to 439,000 BTC, which are now valued at approximately $45.6 billion based on current market prices. The company’s overall average acquisition cost stands at $61,725 per BTC.

The purchase was financed through the company’s ongoing at-the-market (ATM) offering program, which raises funds through share sales. Prior to the purchase, MicroStrategy had $9.19 billion remaining under this ATM program. Following the purchase, this figure now stands at $7.65 billion, as indicated in the company’s latest filing.

Once again, Executive Chairman Michael Saylor teased the news in a Sunday post, continuing the trend of making bitcoin purchase announcements on Mondays before the opening of U.S. markets. Over the last five weeks, MicroStrategy has purchased a total of 171,430 BTC for $15.61 billion, according to an X post from @LuckyXBT__. This latest acquisition is still part of the company’s “21/21 plan,” and MicroStrategy retains access to $18 billion in convertible note offerings, of which only $3 billion has been used so far.

The timing of this purchase follows the announcement that MicroStrategy will be included in the Nasdaq 100, with the rebalancing of the index set to take effect on December 23.

Furthermore, a new rule adopted by the Financial Accounting Standards Board (FASB) allows companies to use fair value accounting for bitcoin and other digital assets starting in fiscal years after December 15, 2024. This change will enable companies to recognize both gains and losses on their digital assets in their net income, whereas previously, only impairment losses could be recorded when asset values dropped below purchase prices.

Following these developments, MicroStrategy’s share price rose by 4% in pre-market trading, reaching $425. Bitcoin also remains strong, trading above $104,000, after recently setting an all-time high above $106,000.

In another related development, Semler Scientific (SMLR) acquired 211 BTC for $421.5 million at an average price of $101,890 per bitcoin. As of December 12, the company holds a total of 2,084 BTC. Additionally, Semler Scientific filed a second prospectus supplement to its S-3 Shelf registration, increasing its ATM offering by $50 million, bringing the total to $150 million.