MicroStrategy buys another 21,550 Bitcoin for $2.1 billion, boosting holdings to $42B

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Key Takeaways

MicroStrategy acquired 21,550 Bitcoin for $2.1 billion, raising its total holdings to 423,650 BTC.
The company has raised capital through share sales to fund its ongoing Bitcoin purchases.

MicroStrategy, the world’s largest corporate Bitcoin holder, said Monday it had added 21,550 BTC worth around $2.1 billion to its portfolio. The acquisition, made between Dec. 2 and Dec. 8, brings its total Bitcoin stash to 423,650 BTC, valued at approximately $42 billion at current market prices.

MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR

— Michael Saylor⚡️ (@saylor) December 9, 2024

The latest move also marks the company’s fifth consecutive week of Bitcoin purchases, following last week’s acquisition of 15,400 BTC for $1.5 billion at an average price of $95,976 per coin.

According to an SEC filing reported on Monday, MicroStrategy used proceeds from a 5.4 million stock sale to fund its Bitcoin purchase. The company still has over $9 billion worth of shares remaining available for sale as part of its planned $42 billion capital raise over the next three years, split between a $21 billion equity offering and $21 billion in fixed-income securities.

Michael Saylor, the company’s co-founder and executive chairman, noted that the total holdings were acquired at an average price of $60,324 per BTC, representing a total cost of around $25.6 billion, including fees and expenses.

The firm’s Bitcoin Yield, which measures the percentage change in Bitcoin holdings relative to diluted shares, reached 68.7% year-to-date as of Dec. 9.