MicroStrategy Inc. has announced a significant increase in its Bitcoin holdings, purchasing 21,550 BTC between December 2 and December 8, 2024, for $2.1 billion.
The company revealed that the average purchase price, including fees, was approximately $98,783 per Bitcoin.
This acquisition was financed through the sale of 5.42 million Class A common shares, raising $2.13 billion under its Sales Agreement.
MicroStrategy has purchased Bitcoin for five consecutive Mondays. The company's shares are up around 470% this year.
As of December 8, MicroStrategy said it holds 423,650 bitcoins, valued at an aggregate purchase price of $25.6 billion, with an average cost of $60,324 per bitcoin.
The company highlighted its BTC Yield, a key performance indicator reflecting the percentage change in the ratio of bitcoin holdings to assumed diluted shares outstanding. MicroStrategy's BTC Yield was 43.2% for Q4 2024 and 68.7% for the year.
Like The Article? Give it a Heart❤️
And Follow For More! @Chris Robbie