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 way of share gross sales to fund its ongoing Bitcoin purchases.
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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 median worth of $95,976 per coin.
In accordance to 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 obtainable for sale as a part of its deliberate $42 billion capital elevate over the following three years, cut up between a $21 billion fairness providing and $21 billion in fixed-income securities.
Michael Saylor, the corporate’s co-founder and government chairman, famous that the full holdings have been acquired at a median worth of $60,324 per BTC, representing a complete price of round $25.6 billion, together with charges and bills.
The agency’s Bitcoin Yield, which measures the proportion change in Bitcoin holdings relative to diluted shares, reached 68.7% year-to-date as of Dec. 9.
It is a growing story.
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