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MicroStrategy increases its holdings by 1045 BTC, bringing its total Bitcoin holdings to 9.3 trillion yen.
MicroStrategy Inc. (formerly MicroStrategy) added to its holdings of the cryptocurrency Bitcoin (BTC) between the 2nd and 8th. Additionally, the European company The Blockchain Group has announced fundraising to expand its Bitcoin purchases.
According to the documents submitted to the U.S. Securities and Exchange Commission (SEC), Strategy Co. increased its holdings by acquiring 1,045 BTC at an average price of $105,426 per BTC. The total cost is approximately $110.2 million.
As a result, the Bitcoin held by Strategy Corporation has reached a total of 582,000 BTC (approximately 9.3 trillion yen). This amount accounts for about 2.8% of the total supply of Bitcoin.
Overall, we have purchased at an average price of about $70,000 per BTC, and the total cost, including fees and expenses, has reached approximately $40.8 billion (about ¥5.9 trillion). Additionally, due to the rise in Bitcoin's value, there is an unrealized gain of about $21 billion (about ¥3 trillion) on the books.
Strategy Inc. raised the funds for this acquisition from the proceeds of the sale of preferred stocks STRK and STRF. Last week, they sold 626,639 shares of STRK for approximately $66.4 million and 432,679 shares of STRF for $45.8 million.
On the 9th, Michael Saylor, chairman of Strategy Company, reported that the company's Bitcoin yield (the amount of Bitcoin held relative to the diluted shares outstanding) has increased by 17.1% since the beginning of the year.
The Blockchain Group is also expanding its Bitcoin acquisition.
The Blockchain Group, the first Bitcoin treasury company in Europe, announced on the 9th that it will issue shares worth 300 million euros (approximately 49.6 billion yen) to expand its Bitcoin acquisition.
We have partnered with the French asset management company TOBAM to conduct an At-the-Market (ATM) program. The ATM program is a mechanism by which companies issue and sell new shares sequentially through the existing stock market.
With this program, TOBAM can request the issuance of new shares to the blockchain group every day after the market closes. The issuance price will be the higher of the previous day's closing price or the volume-weighted average price, with a limit of 21% of that day's trading volume.
This program allows for a gradual capital increase of up to a total of 300 million euros. However, this total amount can also be changed later.
During the period in which this transaction is taking place, the blockchain group plans to regularly disclose the latest information regarding new stock issuance, the number of Bitcoins acquired, and the number of Bitcoins per share. Any suspensions, terminations, or changes to the program will also be announced.
The blockchain group purchased 624 BTC for approximately $68.7 million (about 9.9 billion yen) last week. The total number of Bitcoin held has reached 1,471 BTC (equivalent to about 23.4 billion yen).
For this reason, by the end of May, they had completed the issuance of convertible bonds totaling 63.3 million euros (approximately 10.5 billion yen) through their Luxembourg subsidiary.
On the 6th, Japanese company Metaplanet significantly revised its Bitcoin acquisition target upwards. It aims to acquire over 210,000 BTC by the end of 2027. 210,000 BTC corresponds to 1% of the total supply cap of Bitcoin, which is 21 million coins.