MicroStrategy purchased an additional 18,300 Bitcoins worth $1.1 billion in the past month

MicroStrategy, the business intelligence software company, has further expanded its Bitcoin holdings, acquiring an additional 18,300 BTC between August 6 and September 12. This purchase, worth approximately $1.1 billion, continues the company's aggressive strategy of accumulating the leading cryptocurrency, as confirmed by founder and Chairman Michael Saylor in a recent announcement.

The company bought the new Bitcoin at an average price of $60,408 per coin, slightly above the current market price of $58,214. This acquisition marks MicroStrategy’s largest Bitcoin purchase since February 2021, when it bought 19,452 BTC, funded by $1 billion in debt.

related reading：MicroStrategy's Bitcoin buying spree and 10-for-1 stock split sent its share price soaring！

MicroStrategy Now Holds 244,800 Bitcoin, Cementing Its Status as the Largest Corporate Holder

With its latest acquisition, MicroStrategy’s total Bitcoin holdings have swelled to 244,800 BTC, valued at roughly $14.14 billion. The recent purchases were funded through the sale of 8,048,449 shares of the company's stock. As a result, MicroStrategy now controls around 1% of the entire Bitcoin market capitalisation, significantly outpacing other corporate holders such as Marathon Digital Holdings and Riot Platforms.

Marathon Digital, for instance, holds Bitcoin valued at approximately $1.5 billion, while Riot Platforms’ Bitcoin reserves amount to around $579 million. These figures highlight MicroStrategy’s dominance in the corporate Bitcoin arena.

The Firm’s Bitcoin Strategy Continues to Generate Returns

MicroStrategy initially adopted its Bitcoin accumulation strategy in August 2020, when prices hovered around $12,000. Since then, CEO Michael Saylor has become known for making bold predictions about the cryptocurrency's potential. Most recently, Saylor predicted that Bitcoin could reach $13 million per coin over the next 21 years, in an interview with CNBC. He also estimated that Bitcoin’s share of global capital could rise from its current 0.1% to as much as 7%.

The firm’s Bitcoin-centric strategy has delivered significant financial benefits. Its average purchase price for Bitcoin stands at $38,585 per coin, meaning that its holdings have appreciated by roughly 51% at current market prices. This growth has also been reflected in MicroStrategy’s share price, which has surged by over 800% since August 2020.

Other Corporations Follow Suit

MicroStrategy isn’t the only company betting on Bitcoin this year. Japanese venture capital firm Metaplanet recently acquired ¥300 million ($2 million) worth of Bitcoin, marking a strategic shift that began in April 2024. As Bitcoin continues to attract corporate interest, firms around the world are making similar moves, though on a smaller scale than MicroStrategy.

MicroStrategy’s stock price has responded positively to its continued Bitcoin accumulation, rising by nearly 3% on Friday to a value of around $134.50, according to Google Finance.

related reading：Metaplanet Acquires Additional ¥500 Million Worth of Bitcoin Amid Market Downturn