Key Takeaways
- MicroStrategy acquires 15,400 BTC for $1.5B, increasing its total holdings to 402,100 BTC valued at $38B.
- The purchase was funded through $1.48B raised by issuing and selling common stock shares.
- This marks the fourth consecutive week of major Bitcoin acquisitions, highlighting the company’s aggressive investment strategy.
MicroStrategy’s Expanding Bitcoin Holdings
MicroStrategy has acquired an additional 15,400 BTC for $1.5B, increasing its total holdings to 402,100 BTC.
These Bitcoin holdings are now valued at approximately $38B based on current market prices.
The average purchase price for the recent acquisition was $95,976 per Bitcoin.
Funding Through Share Sales
The company funded the acquisition by selling $1.48B worth of its common stock between November 25 and December 1, 2024.
MicroStrategy entered a Sales Agreement to issue and sell up to $21B worth of its common stock.
Proceeds from the stock sale were directed entirely toward acquiring Bitcoin, reflecting the firm’s focus on its investment strategy.
Consistent Bitcoin Accumulation Strategy
This purchase marks the fourth consecutive week of major Bitcoin acquisitions by MicroStrategy.
In the previous week, the company purchased 55,500 BTC for $5.4B at an average price of $97,862 per coin.
The firm’s “Bitcoin Yield” metric has climbed to 63% year-to-date, reflecting significant growth in holdings relative to diluted shares.
