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.