Key Takeaways
- MicroStrategy acquired 21,550 Bitcoin for $2.1 billion, elevating its complete holdings to 423,650 BTC.
- The corporate has raised capital by share gross sales to fund its ongoing Bitcoin purchases.
Share this text
MicroStrategy, the world’s largest company Bitcoin holder, mentioned Monday it had added 21,550 BTC price round $2.1 billion to its portfolio. The acquisition, made between Dec. 2 and Dec. 8, brings its complete Bitcoin stash to 423,650 BTC, valued at roughly $42 billion at present market costs.
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR https://t.co/8r7bFqMFof
— Michael Saylor⚡️ (@saylor) December 9, 2024
The most recent transfer additionally marks the corporate’s fifth consecutive week of Bitcoin purchases, following final week’s acquisition of 15,400 BTC for $1.5 billion at a mean value of $95,976 per coin.
In accordance with an SEC filing reported on Monday, MicroStrategy used proceeds from a 5.4 million inventory sale to fund its Bitcoin buy. The corporate nonetheless has over $9 billion price of shares remaining out there on the market as a part of its deliberate $42 billion capital increase over the subsequent three years, break up between a $21 billion fairness providing and $21 billion in fixed-income securities.
Michael Saylor, the corporate’s co-founder and govt chairman, famous that the overall holdings have been acquired at a mean value of $60,324 per BTC, representing a complete value of round $25.6 billion, together with charges and bills.
The agency’s Bitcoin Yield, which measures the share change in Bitcoin holdings relative to diluted shares, reached 68.7% year-to-date as of Dec. 9.
It is a growing story.
Share this text