MicroStrategy has purchased an additional 1,070 Bitcoins, as reported in its new SEC filing, increasing the $BTC yield to 74.3% in 2024.
MicroStrategy's Latest $BTC Acquisition
In its new report, MicroStrategy disclosed the purchase of 1,070 Bitcoins for nearly $101 million, equating to $94,004 per coin. The company's total Bitcoin holdings now stand at 447,470 $BTC. This results in an average purchase price of $62,503 per $BTC, indicating a significant unrealized gain for MicroStrategy.
MicroStrategy's Financial Strategy
According to the Form 8-K filing, MicroStrategy recorded robust capital activity, generating $15.09B from equity offerings. Additionally, the company raised $2.97B by issuing zero-convertible senior notes. Throughout 2024, 226.1M Class A shares and 19.6M Class B shares were issued.
MicroStrategy's Record Bitcoin Holdings
The company continues to leverage its Bitcoin investment strategy to increase shareholder value. With a portfolio of 447,470 Bitcoins, MicroStrategy has become a leading corporate advocate for $BTC adoption within the treasury sector. The firm's perspective on $BTC yield remains a promising factor.
In summary, MicroStrategy strengthens its position in the cryptocurrency industry through a well-planned Bitcoin investment strategy and financial decisions.
