MicroStrategy Increases Bitcoin Holdings with $1.5 Billion Purchase
Key Points:
- MicroStrategy acquired an additional 15,350 Bitcoin worth $1.5 billion
- The company now holds a total of 439,000 Bitcoin
- The latest purchase was made between December 9, 2024, and December 15, 2024
MicroStrategy recently disclosed in an 8-K filing to the US Securities and Exchange Commission (SEC) that it purchased 15,350 Bitcoin between December 9, 2024, and December 15, 2024, at an average price of $100,386 per Bitcoin. This acquisition increased the company’s total Bitcoin holdings to 439,000, valued at $45 billion.
CEO Michael Saylor shared on X that the Bitcoin was bought for $27.1 billion at an average price of $61,725 per Bitcoin. The company’s year-to-date Bitcoin Yield stands at 72.4%, with a quarter-to-date yield of 46.4%.
MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR https://t.co/SaWLNBVkrl
— Michael Saylor⚡️ (@saylor) December 16, 2024
Recent Bitcoin Purchases by MicroStrategy
In addition to the latest acquisition, MicroStrategy bought 21,550 Bitcoin between December 2, 2024, and December 8, 2024, for $2.1 billion and 15,400 Bitcoin the week before for $1.4 billion.
Joining the Nasdaq-100 Index
MicroStrategy’s continuous Bitcoin purchases coincide with its upcoming addition to the Nasdaq-100 Index on December 23. Nasdaq announced the inclusion of MicroStrategy along with two other companies in the index.
Crypto analyst Will Clemente highlighted the significance of this move, stating that MicroStrategy’s addition to the Nasdaq-100 Index will expose Bitcoin to a wider range of investment funds and accounts globally.
The news of MicroStrategy’s inclusion in the index has also positively impacted the company’s stock price, with a 3% increase reported by CNBC.
