Key Takeaways
- MicroStrategy acquired 15,350 BTC for $1.5 billion, bringing total holdings to 439,000 BTC.
- The firm has invested $27.1 billion in bitcoin at an average cost of $61,725 per BTC.
- MicroStrategy will join the Nasdaq 100 index on December 23, 2024.
MicroStrategy has purchased 15,350 BTC between December 9 and December 15, 2024, for approximately $1.5 billion, at an average price of $100,386 per bitcoin, according to an SEC filing. This latest acquisition increases the firm’s total holdings to 439,000 BTC, worth over $45 billion.
The company’s average acquisition cost remains $61,725 per BTC, with total investments of $27.1 billion, including fees.
Equity offering update
To fund its recent purchases, MicroStrategy sold 3,884,712 shares during the same period, raising $1.5 billion.
As of December 15, approximately $7.65 billion in shares remain available for sale under its equity offering plan, which aims to raise $42 billion for bitcoin acquisitions.
Performance metrics
MicroStrategy’s Bitcoin Yield, a performance measure of BTC holdings versus share dilution, stands at 72.4% year-to-date, demonstrating efficient acquisition while managing shareholder value.
Over the past six weeks, the company has added $17.5 billion worth of bitcoin, approximately 39% of its total $45 billion position.
Nasdaq 100 inclusion
The company also announced its inclusion in the Nasdaq 100 index, effective December 23, 2024, which could drive increased institutional investment.
Analysts at Bernstein noted that the firm could continue leveraging equity and debt markets to scale its bitcoin holdings.
Stock performance
MicroStrategy’s stock, which has gained over 490% year-to-date, closed up 4.2% at $408.67 on Friday.
