MicroStrategy buys more bitcoin
Investing.com -- MicroStrategy Inc. revealed Monday that it has increased its Bitcoin holdings, acquiring approximately 21,550 Bitcoins for $2.1 billion between December 2 and December 8, 2024.
The average purchase price was around $98,783 per bitcoin, including fees and expenses.
The latest Bitcoin acquisitions were funded through proceeds from the sale of 5.42 million shares of class A common stock under its Sales Agreement, which generated $2.13 billion.
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.
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