MicroStrategy Adds to Its Bitcoin Holdings
- MicroStrategy has purchased an additional 2,138 BTC
- This marks the eighth consecutive week of Bitcoin purchases by the company
- Michael Saylor, the founder, announced the latest acquisition
MicroStrategy, known for being the largest publicly-traded holder of Bitcoin, continues to strengthen its position in the crypto market.
Details of the Latest Purchase
On December 30, MicroStrategy revealed that it had acquired 2,138 bitcoins for $209 million. This purchase represents the eighth consecutive week of Bitcoin acquisitions by the company. The funds for this purchase were sourced from the company’s at-the-market share sales, which currently total over $6.88 billion.
MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12/29/2024, we hodl 446,400 BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin.
— Michael Saylor⚡️ (@saylor) December 30, 2024
With this latest purchase, MicroStrategy now holds a total of 446,400 BTC, acquired for $27.9 billion at an average price of $62,428 per bitcoin. The company has seen a BTC yield of 47.8% quarter-to-date and 74.1% year-to-date.
Market Performance
Despite MicroStrategy’s buying spree, the price of Bitcoin has been experiencing a downward trend. At the time of writing, Bitcoin was trading around $93,114, down 1.8% in the past 24 hours and 2.6% in the past week according to CoinMarketCap.
On the other hand, MicroStrategy’s stock, which saw a surge after the company joined the Nasdaq 100, was down 13.3% in pre-market trading. The stock closed at $330 on December 27 but was hovering around $319 on December 30 at 8:30 ET.
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