Catenaa, Tuesday, December 03, 2024-MicroStrategy, the largest corporate holder of Bitcoin, announced its purchase of an additional 15,400 Bitcoins for $1.5 billion, bringing its total holdings to 402,100 Bitcoins, valued at $38 billion.
The acquisition, completed at an average price of $95,976 per coin, marks the company’s fourth consecutive week of significant Bitcoin investments.
According to an SEC Form 8-K filing, the purchase was financed through a sales agreement to issue $21 billion worth of common stock. Between November 25 and December 1, MicroStrategy sold $1.48 billion in shares, using the proceeds for the acquisition.
This latest investment follows last week’s record buy of 55,500 Bitcoins for $5.4 billion. The company’s year-to-date “Bitcoin Yield” metric—a measure of Bitcoins holdings growth relative to share dilution—reached 63% as of December 2.
MicroStrategy has now invested $23.4 billion in Bitcoin at an average cost of $58,263 per coin. CEO Michael Saylor remains bullish, emphasizing the company’s commitment to expanding its Bitcoins portfolio as a cornerstone of its financial strategy.
