Key Takeaways
- MicroStrategy purchased 15,400 Bitcoin for $1.5 billion.
- Its total Bitcoin holdings now amount to 402,100 BTC, valued at $38 billion.
- The company funded this acquisition by selling $1.48 billion in stock.
MicroStrategy, the largest corporate Bitcoin holder, announced on Monday the acquisition of 15,400 Bitcoin for $1.5 billion.
The purchase was made at an average price of $95,976 per Bitcoin, bringing the company’s total holdings to 402,100 BTC. The current market value of these holdings stands at approximately $38 billion.
SEC filing
The company disclosed the purchase in a Form 8-K filing with the SEC, detailing that the acquisition was funded through the sale of common stock.
MicroStrategy entered a sales agreement to sell up to $21 billion worth of stock, selling $1.48 billion worth between November 25 and December 1, 2024, to fund this latest purchase.
Fourth week of acquisitions
This marks the fourth consecutive week of substantial Bitcoin acquisitions for the business intelligence firm.
Last week, MicroStrategy purchased 55,500 BTC for $5.4 billion, with an average price of $97,862 per Bitcoin. The previous week saw an acquisition valued at $4.6 billion.
A key metric for the company, its “Bitcoin Yield,” has reached 63% year-to-date as of December 2, measuring the percentage change in Bitcoin holdings relative to diluted shares.
