Key Points
- MicroStrategy purchased 15,400 bitcoins at an average price of $95,976 per BTC between Nov 25-Dec 1, bringing its total holdings to 402,100 BTC.
- The company raised $1.48 billion through stock sales to fund the purchase, with $11.3 billion still available for future share issuance under its ATM facility.
Record-Breaking Bitcoin Purchase
MicroStrategy has executed one of its largest weekly bitcoin purchases to date, acquiring 15,400 BTC for approximately $1.5 billion. The purchase, made at an average price of $95,976 per bitcoin, represents a significant expansion of the company’s bitcoin holdings even as the cryptocurrency trades near all-time highs.
Growing Treasury Holdings
With this latest acquisition, MicroStrategy’s total bitcoin holdings have grown to approximately 402,100 BTC, acquired at an average purchase price of $58,263 per bitcoin. The company’s total investment in bitcoin now stands at approximately $23.4 billion, making it the largest corporate holder of bitcoin in the world.
Strong BTC Yield Performance
MicroStrategy reported impressive BTC Yield metrics, a key performance indicator that measures the company’s bitcoin holdings relative to its outstanding shares. The company achieved a BTC Yield of 38.7% for the period from October to December 2024, and a year-to-date yield of 63.3%, suggesting that its strategy of acquiring bitcoin through share issuance has been accretive to shareholders.
Financing Strategy
The bitcoin purchases were funded through MicroStrategy’s innovative financing approach, utilizing proceeds from its $21 billion at-the-market (ATM) equity offering program. After selling approximately $1.48 billion worth of shares during the week, the company still has about $11.3 billion available for future stock issuance under the program, indicating potential for further bitcoin acquisitions.
