MicroStrategy, a Nasdaq-listed business intelligence company known for its aggressive Bitcoin acquisition strategy, has announced another substantial purchase of the leading cryptocurrency. On June 16, 2025, the company revealed it had added 10,100 BTC to its corporate treasury holdings.
This latest acquisition underscores the firm's continued confidence in Bitcoin as a primary treasury reserve asset. The move is closely watched by investors and corporations worldwide, signaling ongoing institutional adoption.
Details of the Latest Bitcoin Purchase
Between June 9 and June 15, 2025, MicroStrategy purchased 10,100 BTC using approximately $1.05 billion in cash. The average purchase price per bitcoin, including fees and expenses, was approximately $104,080.
This acquisition brings MicroStrategy's total bitcoin holdings to approximately 592,100 BTC as of June 15, 2025. The company's total investment in bitcoin now stands at approximately $41.84 billion, with an average purchase price of $70,666 per bitcoin including fees and expenses.
At the time of writing, Bitcoin's market price was approximately $108,555, representing a significant unrealized gain on MicroStrategy's investment strategy. Year-to-date in 2025, the company has achieved a Bitcoin yield of 19.1% on its holdings.
Funding the Bitcoin Acquisition
According to documents filed with the U.S. Securities and Exchange Commission (SEC), MicroStrategy funded this bitcoin purchase through multiple capital raising initiatives. The company utilized an At-The-Market (ATM) offering program throughout the week ending June 15, raising a total of $78.4 million.
The breakdown of this offering includes:
- 452,487 shares of Series A Perpetual Strike Preferred Stock (STRK) with an 8.00% annual dividend rate, raising $45.2 million
- 286,101 shares of Series A Perpetual Stride Preferred Stock (STRF) with a 10.00% annual dividend rate, raising $28.6 million
Additionally, on June 10, the company completed a public offering of 11,764,700 shares of Series A Perpetual Stride Preferred Stock (STRD) with a 10.00% annual dividend rate, generating approximately $979.7 million in net proceeds.
ATM offerings represent a method for publicly traded companies to raise capital over time by selling newly issued or previously owned shares into the secondary market at prevailing market prices through designated brokerage firms.
MicroStrategy's Bitcoin Strategy Evolution
MicroStrategy, under executive chairman Michael Saylor's leadership, has pioneered the corporate Bitcoin treasury strategy since August 2020. The company's consistent accumulation of bitcoin has positioned it as the largest corporate holder of the cryptocurrency globally.
The company's previous bitcoin purchase announcement came on June 9, when it disclosed the acquisition of 1,045 BTC for approximately $110.2 million between June 2 and June 8, 2025.
MicroStrategy's approach has inspired numerous other public and private companies to consider bitcoin as a treasury reserve asset, creating a significant shift in how corporations manage their balance sheets in the digital age.
Understanding Corporate Bitcoin Adoption
The growing trend of corporate bitcoin adoption represents a fundamental shift in treasury management strategy. Companies are increasingly viewing bitcoin as a viable hedge against currency debasement and inflation, similar to how corporations traditionally held gold.
This strategy allows companies to protect their cash reserves from the erosive effects of monetary inflation while potentially benefiting from bitcoin's long-term appreciation prospects. The transparency of MicroStrategy's regular purchases has provided a blueprint for other organizations considering similar strategies.
Corporate bitcoin adoption typically involves careful consideration of accounting treatment, regulatory compliance, security measures, and portfolio allocation strategies. Companies must navigate these complexities while maintaining shareholder confidence and regulatory compliance.
For those interested in tracking corporate bitcoin adoption trends and treasury strategies, valuable resources are available to 👉 explore comprehensive market data.
Frequently Asked Questions
What is MicroStrategy's total bitcoin holding after this purchase?
As of June 15, 2025, MicroStrategy holds approximately 592,100 bitcoin. This positions the company as the largest corporate holder of bitcoin globally, with a total investment of approximately $41.84 billion at an average price of $70,666 per bitcoin including fees and expenses.
How does MicroStrategy fund its bitcoin purchases?
The company uses multiple capital raising strategies, including preferred stock offerings with fixed dividend rates. Recent offerings include Series A Perpetual Strike Preferred Stock (8.00% annual dividend) and Series A Perpetual Stride Preferred Stock (10.00% annual dividend). The company also utilizes At-The-Market (ATM) offering programs to raise capital gradually.
What is an ATM offering in corporate finance?
An At-The-Market (ATM) offering allows publicly traded companies to sell newly issued or existing shares into the secondary market at current market prices over time through designated brokerage firms. This approach provides flexibility in capital raising without the pressure of large, single-time offerings.
Why are corporations adding bitcoin to their treasuries?
Companies are adopting bitcoin as a treasury reserve asset to hedge against currency inflation, diversify their cash holdings, and potentially benefit from long-term appreciation. Bitcoin's limited supply and decentralized nature make it attractive compared to traditional fiat currencies that can be devalued through monetary expansion.
How has MicroStrategy's bitcoin investment performed?
Year-to-date in 2025, MicroStrategy has achieved a 19.1% yield on its bitcoin holdings. The company's overall investment shows significant unrealized gains, with bitcoin's current market price substantially above its average acquisition cost of $70,666 per bitcoin.
What accounting treatment does MicroStrategy use for its bitcoin holdings?
The company accounts for its bitcoin holdings as indefinite-lived intangible assets under non-GAAP financial measures. This treatment requires impairment charges if bitcoin's market price falls below carrying value but does not allow for upward revaluation unless assets are sold.