MicroStrategy, the world's largest corporate holder of Bitcoin, announced the purchase of 15,400 BTC for $1.5 billion, increasing its total holdings to 402,100 BTC.
Details of the Bitcoin Purchase
The company acquired 15,400 BTC at an average price of about $95,976 per bitcoin. This resulted in a BTC yield of 38.7% QTD and 63.3% YTD. The total value of their holdings now stands at approximately $38.66 billion.
Funding the Purchase
According to a filing with the SEC, MicroStrategy entered a sales agreement to sell up to $21 billion in common stock. Between November 25 and December 1, 2024, they sold about $1.48 billion worth of shares, using the proceeds to acquire the latest batch of Bitcoin. This strategy allows them to continue Bitcoin investments over the long term.
A Continued Commitment to Bitcoin
This purchase marks the fourth consecutive week of Bitcoin acquisitions, with the company buying 55,500 BTC for $5.4 billion. MicroStrategy's total investments now exceed $23.4 billion, as they maintain their position as the largest corporate Bitcoin holder.
MicroStrategy's acquisitions illustrate its long-term commitment to Bitcoin despite current market price fluctuations.
