Key Takeaways
- MicroStrategy has purchased 21,550 Bitcoin for $2.1 billion.
- The company's total holdings now amount to 423,650 BTC.
- Shares sales funded the purchase, with $9 billion in equity still available.
MicroStrategy, the leading corporate Bitcoin holder, announced its acquisition of 21,550 Bitcoin for $2.1 billion between December 2 and December 8.
This purchase boosts the company’s total Bitcoin holdings to 423,650 BTC, worth approximately $42 billion at current market prices.
Recent acquisitions
The purchase follows a streak of acquisitions, including last week’s 15,400 BTC buy for $1.5 billion at an average price of $95,976 per coin.
The recent acquisition was funded through proceeds from a $5.4 million stock sale.
The company has over $9 billion in shares still available for sale, forming part of its long-term $42 billion capital-raising strategy.
Year-to-date performance
Michael Saylor, MicroStrategy’s co-founder and executive chairman, shared that the company’s holdings were purchased at an average price of $60,324 per Bitcoin, totaling $25.6 billion in acquisition costs.
He emphasized the firm’s year-to-date Bitcoin Yield of 68.7%, reflecting the proportional increase in Bitcoin holdings relative to diluted shares.
MicroStrategy’s aggressive Bitcoin strategy highlights its commitment to expanding its presence in the digital asset market.
The company plans to continue raising funds through a mix of equity and fixed-income offerings to support further purchases.
