Corporations with excess capital and cash reserves on their balance sheet are not protecting shareholder value. We believe that bitcoin fixes that. Exogenous forces of inflation, regulation, confrontation, corruption, coercion, or confiscation can put
the future of any organization at risk. We believe that bitcoin fixes that, too. Our journey to embrace bitcoin, and all that it represents, is why we believe our collective future is bright.
Our journey to embrace bitcoin, and all that it represents, is why we are convinced our collective history. Those who truly know our corporate DNA may not have been as surprised. Our bitcoin strategy is an extension of our corporate lineage as an innovator and early adopter of revolutionary technologies. We helped pioneer data mining software in the 1980s. We were early to the web in the 1990s. In the 2000s, we were among the first to espouse mobile analytics, as well as cloud-based analytics. Early adoption and decisive action in emerging technologies have served us well.
This past year, we formalized and expanded our treasury strategy to now include
acquiring bitcoin using the proceeds of debt and equity capital raising transactions. Furthermore, we expanded our approach to convert excess operating cash into bitcoin on a go-forward basis. As of April 14, 2022, MicroStrategy remains the largest publicly traded corporate holder of bitcoin. MicroStrategy, together with its subsidiaries, holds 129,218 bitcoins acquired at an aggregate purchase price of $3.97 billion and an average purchase price per bitcoin of approximately $30,700.
Forward-looking Corporate Strategy