The company bought the Bitcoin at an average price of US$106,662 per coin between December 16-22, funding the purchase through stock sales.
MicroStrategy sold 1.3 million shares to raise the needed capital, according to SEC filings.
The Virginia-based company now holds 444,262 Bitcoin, acquired for approximately US$27.7 billion at an average cost of US$62,257 per coin. Their Bitcoin holdings have gained 47.4% this quarter and 73.7% year-to-date.
MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q
— Michael Saylor⚡️ (@saylor) December 23, 2024
MicroStrategy retains about US$7 billion in available shares to sell under their current agreement as of December 22, suggesting potential for additional Bitcoin purchases.
The company’s stock has risen 476% in 2023, making it one of Nasdaq’s top performers. This strong performance helped secure its inclusion in the Nasdaq-100 index alongside Palantir Technologies and Axon Enterprise, effective today.
Following the announcement, MicroStrategy’s shares climbed 11.5% to close at US$364 on Friday.
MicroStrategy’s continued Bitcoin accumulation and index inclusion could signal growing mainstream acceptance of corporate Bitcoin investment strategies.
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