MicroStrategy bags 14,620 bitcoins ahead of potential ETF approval


Business intelligence firm MicroStrategy keeps stacking Bitcoin (BTC) amid growing anticipation of the potential approval of a spot BTC exchange-traded fund (ETF) in the United States.

MicroStrategy and its subsidiaries purchased another 14,620 BTC for $615.7 million in cash between Nov. 20, 2023, and Dec. 26, 2023, the firm officially announced in its 8-K filing with the U.S. Securities and Exchange Commission. The latest Bitcoin stash cost MicroStrategy roughly $42,110 per BTC, including fees and other expenses, the filing notes.

The purchase brings MicroStrategy and its subsidiaries’ aggregate Bitcoin holdings to 189,150 bitcoins, putting them at an aggregate purchase price of approximately $5.9 billion and an average purchase price per BTC of roughly $31,168.

This is a developing story, and further information will be added as it becomes available.