Financial Insights That Matter
MicroStrategy significantly expanded its Bitcoin (BTC) holdings for the fifth consecutive week.
On Dec. 9, the firm revealed that it acquired an additional 21,550 Bitcoin during the week ending Dec. 8 for $2.1 billion at an average purchase price of $98,783 per token.
According to the US Securities and Exchange Commission (SEC) filing, the acquisition was funded by selling 5,418,449 shares for aggregate net proceeds of approximately $2.13 billion. The firm still has $9.19 billion available from its $21 billion at-the-market (ATM) share sale facility to fund future BTC purchases.
This purchase brought the firm’s total holdings to 423,650 Bitcoin, representing over 2% of the flagship digital asset’s total supply. The company’s aggregate purchase price for these holdings is $25.6 billion, with an average acquisition cost of about $60,324 per coin.
In addition to its growing holdings, MicroStrategy’s Bitcoin yield has seen impressive gains. Between Oct. 1 and Dec. 8, 2024, the company reported a yield of 43.2%. Year-to-date figures reveal an even more significant yield of 68.7% as of Dec. 8.
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