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MicroStrategy Acquires $2.1 Billion Worth of Bitcoin, Adding 21,550 BTC to its Portfolio
Key Takeaways
MicroStrategy’s Bitcoin Acquisition
MicroStrategy, the largest corporate holder of Bitcoin, has purchased 21,550 BTC for approximately $2.1 billion. This acquisition brings the company’s total Bitcoin holdings to 423,650 BTC, valued at around $42 billion.
Funding Bitcoin Purchases
MicroStrategy funded its latest Bitcoin purchase through a 5.4 million stock sale, with proceeds from the sale used for the acquisition.
Bitcoin Yield and Total Holdings
The company’s total Bitcoin holdings were acquired at an average price of $60,324 per BTC, with a total cost of approximately $25.6 billion, including fees and expenses. The Bitcoin Yield, measuring the change in Bitcoin holdings relative to diluted shares, reached 68.7% year-to-date as of December 9.
Recent Bitcoin Purchases by MicroStrategy
MicroStrategy’s recent acquisition marks the company’s fifth consecutive week of Bitcoin purchases, following last week’s purchase of 15,400 BTC for $1.5 billion.
Future Capital Raise Plans
MicroStrategy still has over $9 billion worth of shares available for sale as part of its planned $42 billion capital raise over the next three years, split between an equity offering and fixed-income securities.
This is a developing story.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
