MicroStrategy Continues to Expand Bitcoin Holdings
MicroStrategy has once again increased its Bitcoin holdings for the fifth consecutive week, acquiring an additional 21,550 Bitcoin during the week ending Dec. 8.
Details of the Purchase
- MicroStrategy purchased 21,550 Bitcoin for $2.1 billion.
- The average purchase price per token was $98,783.
- The firm funded the acquisition by selling 5,418,449 shares.
Current Holdings and Yield
With this latest purchase, MicroStrategy now holds a total of 423,650 Bitcoin, which is over 2% of the total supply of the digital asset. The aggregate purchase price for these holdings is $25.6 billion, with an average acquisition cost of about $60,324 per coin.
MicroStrategy’s Bitcoin yield has also seen impressive gains, with a reported yield of 43.2% between Oct. 1 and Dec. 8, 2024. Year-to-date figures show an even more significant yield of 68.7% as of Dec. 8.
Future Purchases
Despite its recent acquisitions, MicroStrategy still has $9.19 billion available from its $21 billion at-the-market (ATM) share sale facility to fund future BTC purchases.
