MicroStrategy has announced the acquisition of 15,400 bitcoins for $1.5 billion, taking another step in its strategy to expand its bitcoin assets.
Acquisition of 15,400 Bitcoins
Between November 25 and December 1, 2024, MicroStrategy acquired 15,400 bitcoins at an average price of $95,976 per bitcoin. As of December 1, 2024, the company's total bitcoin holdings reached 402,100, purchased at an aggregate cost of $23.4 billion and an average price of $58,263 per bitcoin.
Financing Through Share Sales
This purchase was funded by the sale of 3.7 million Class A common shares, generating $1.48 billion. The share sales are part of a $21 billion Sales Agreement with TD Securities (USA) LLC and other agents.
MicroStrategy's Bitcoin Strategy
In November, the company made its largest Bitcoin purchase, acquiring 55,500 BTC for $5.4 billion. MicroStrategy continues to leverage equity sales for increasing its bitcoin holdings, reflecting its commitment to the cryptocurrency space. The company has achieved a quarterly bitcoin yield of 38.7% and a year-to-date yield of 63.3%.
By persisting with its bitcoin accumulation strategy, MicroStrategy demonstrates its confidence in the long-term potential of Bitcoin and plans further expansions of its crypto assets.
