Michael Saylor's MicroStrategy Acquires 11.9K More Bitcoin for $786M

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Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

Led by Executive Chairman Michael Saylor, the company as of the end of April held 214,400 bitcoins. This latest acquisition brings the company's total holdings to 226,331 tokens worth just under $15 billion at bitcoin's current price of roughly $66,000. The company's bitcoins were purchased at an average price of $36,798 each, or roughly $8.33 billion.

-listed Semler Scientific , which over the past three weeks has not only added bitcoin as a relatively sizable treasury asset, but – in similar fashion to MicroStrategy – is attempting toMicroStrategy shares have risen roughly ten-fold since the firm's bitcoin purchases began four years ago. Semler shares are higher by more than 60% since the company disclosed its first bitcoin buys in late May.

 

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