MicroStrategy just added to their Bitcoin collection by purchasing 51,780 BTC for around $4.6 billion! 💰 The average price they paid was $88,627 per BTC between November 11th and 17th. This is their largest acquisition to date! 🚀
To fund this purchase, they sold 13,593,865 MicroStrategy shares. 🏢 As of November 17th, they still had around $15.3 billion worth of shares ready to sell as part of their $21 billion fundraising plan. 🎯 MicroStrategy aims to raise a total of $42 billion over the next three years for further Bitcoin acquisitions.
MicroStrategy currently holds 331,200 BTC worth around $29.7 billion. 📊 Their average purchase price for all of this Bitcoin was $49,874 per BTC, for a total outlay of around $16.5 billion, including all fees.
This announcement comes after they bought another 27,200 BTC last week for roughly $2.03 billion, at an average price of around $74,463 per coin. 😲
They have a performance indicator called the “Bitcoin Yield” to measure the growth in the value of their Bitcoin compared to the outstanding shares. 📈 From the beginning of the year to November 17, their Bitcoin Yield reached 41.8%, showing significant growth while still taking into account the impact of share dilution. 🎉$BTC
