2 months ago
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Exploring MicroStrategy's bold strategy in leveraging debt and equity for massive digital asset acquisitions.
Key Takeaways
MicroStrategy acquired 15,400 for $1.5 billion. MicroStrategy's total bitcoin holdings now stand at 402,100 BTC, valued at over $38 billion. <?xml encoding="UTF-8"?>MicroStrategy acquired 15,400 Bitcoin worth around $1.5 billion at an average price of $95,976 per coin, boosting the company’s total Bitcoin holdings to 402,100 BTC, valued at over $38 billion at current market prices.
MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0
— Michael Saylor⚡️ (@saylor) December 2, 2024
The business intelligence firm funded the purchase through a combination of issuing and selling shares. MicroStrategy entered into a Sales Agreement to sell up to $21 billion worth of its common stock, using the proceeds to acquire Bitcoin.
The purchase marks MicroStrategy’s fourth consecutive week of major Bitcoin acquisitions, following last week’s purchase of 55,500 BTC for roughly $5.4 billion at an average price of $97,862 per coin, and a $4.6 billion Bitcoin purchase the week prior.
The company’s “Bitcoin Yield” metric, which measures the percentage change in bitcoin holdings relative to diluted shares, reached 63% year-to-date as of Dec. 2.
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