MicroStrategy just made headlines with a major Bitcoin purchase. The company acquired 15,400 BTC for $1.5 billion, bringing its total Bitcoin holdings to 402,100 BTC. It is valued at around $23.4 billion.
The purchase was made at an average price of $95,976 per coin, higher than their previous 55,000 BTC purchases just a week earlier. MicroStrategy CEO Michael Saylor announced the news on X and underpinned the company’s strong returns, with their BTC yield being 38.7% QTD and 63.3% YTD, respectively.
The funding for this massive purchase came from multiple sources, including a private offering of convertible senior notes and proceeds from an equity program.
Sora Ventures launches $150M Bitcoin fund
Meanwhile, a venture capital company, Sora Ventures, takes notes from MicroStrategy’s playbook. The firm has initiated a $150 million fund that Asian companies will use to implement these Bitcoin-based treasury strategies.
The fund targets businesses publicly listed on the major stock exchanges of Japan, Hong Kong, Thailand, Taiwan, and South Korea. This strategy of Sora Ventures has already paid off the stock price of Metaplanet, a Tokyo Stock Exchange-listed firm, which surged more than 1,000% in 2024 to showcase the potential of Bitcoin to drive financial growth.
The company will further extend its model with upcoming partnerships, including Hong Kong and Thailand companies. Beyond that, it also invests in over 25 BTC companies, building out BTC’s use and utility in various sectors.
Due to Bitcoin’s value surge, the MicroStrategy model’s share price has increased by 400%. Meanwhile, Sora Ventures wants to replicate that success and make BTC the main part of the Asian financial strategy.
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