Hassan Maishera
TL;DR
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MicroStrategy has acquired 15,400 bitcoins for $1.5 billion.
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The company now holds over 400k bitcoins.
MicroStrategy Adds Another $1.5B Worth of Bitcoins
Business intelligence firm MicroStrategy continues its Bitcoin acquisition by spending $1.5 billion to buy 15,400 bitcoins. According to an 8-K filing with the Securities and Exchange Commission on Monday, the company bought these bitcoins at an average price of $95,976 per bitcoin between Nov. 25 and Dec. 1
The purchase came after the company sold 3,728,507 MicroStrategy shares during the same period for $1.5 billion. As of Dec. 1, MicroStrategy said approximately $11.3 billion worth of shares remained available for sale as part of its planned $21 billion equity offering and $21 billion in fixed-income securities, targeting a total $42 billion capital raise over the next three years for further bitcoin acquisitions.
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
Thanks to this latest acquisition, MicroStrategy now holds 402,100 BTC, worth over $38 billion. The company’s total BTC holdings were purchased at an average price of $58,263 per bitcoin, a total cost of around $23.4 billion, including fees and expenses.
This latest development comes roughly two weeks after the company purchased an additional 51,780 for $4.6 billion.
As a Bitcoin Maxi, Michael Saylor recently advised Microsoft CEO Satya Nadella and its board of directors to include Bitcoin as one of its treasury assets. Bitcoin is up less than 1% in the last 24 hours and now trades above $96k per coin.
