MicroStrategy has added approximately 20,356 bitcoins to its holdings between February 18 and February 23, 2025, the company disclosed on Monday.
The purchase, valued at $1.99 billion in cash, was made at an average price of $97,514 per bitcoin, including fees and expenses.
The acquisition was funded using proceeds from MicroStrategy’s recent $2.0 billion convertible senior notes offering, which was completed on February 21, 2025.
The 0% convertible notes due 2030 carried a 35% conversion premium over the company's class A common stock’s U.S. composite volume-weighted average price from February 19. Net proceeds from the offering totalled approximately $1.99 billion.
Following the latest purchase, MicroStrategy now holds a total of approximately 499,096 bitcoins, acquired at a cumulative cost of $33.1 billion, reflecting an average purchase price of $66,357 per bitcoin.
The company also reported key Bitcoin-related performance metrics for 2025. Between January 1 and February 23, MicroStrategy’s BTC Yield stood at 6.9%, with BTC Gain of 30,702 and BTC $ Gain of $2.941 billion, based on Coinbase’s 4:00 p.m. EST market price on February 23.