MicroStrategy has made another significant Bitcoin purchase, acquiring 1,070 BTC for $101 million at an average price of $94,004 per coin ¹. This move brings their total Bitcoin holdings to 447,470, valued at approximately $27.97 billion, with an average cost of $62,503 per Bitcoin ¹ ².
This purchase marks MicroStrategy's ninth consecutive week of buying Bitcoin, with a total investment of over $18 billion in the past nine weeks ². The company's CEO, Michael Saylor, seems bullish on Bitcoin, celebrating its recent $100,000 milestone with a festive event ².
MicroStrategy's Bitcoin yield has also been impressive, reaching 48% in Q4 2024 and 74.3% in the 2024 financial year ¹ ². The company's stock price has rebounded amid this recent Bitcoin purchase, with a 3.7% increase in pre-market trading ².
It's worth noting that MicroStrategy plans to raise up to $2 billion to buy more Bitcoin, as part of its proposed $42 billion equity offering and fixed-income securities funding $BTC
