MicroStrategy adds to its Bitcoin holdings with an additional 2,138 BTC purchase This is the 8th consecutive week that a US-listed company has purchased Bitcoin MicroStrategy’s announcement comes a day after Michael Saylor posted the company’s BTC tracker. I got it.
MicroStrategy, the world’s largest publicly traded holder of Bitcoin (BTC), has announced the purchase of its flagship digital asset.
The company, which became known as the Bitcoin developer for its BTC hoardings, revealed its latest acquisition on December 30th.
MicroStrategy buys BTC again
In the announcement, the company revealed that it scooped 2,138 Bitcoins for 8 consecutive weeks of BTC acquisitions for $209 million. The company used proceeds from the market share sale, which now totals more than $6.88 billion.
MicroStrategy acquired 2,138 BTC for approximately $209 million at approximately $97,837 per Bitcoin, achieving a BTC yield of 47.8% QTD and 74.1% YTD. As of December 29, 2024, it held $446,400 BTC acquired for approximately $27.9 billion at approximately $62,428 per Bitcoin. $MSTR https://t.co/58aXM7g6u2
— Michael Saylor ⚡️ (@saylor) December 30, 2024
Michael Saylor, MicroStrategy’s founder and executive chairman, posted the company’s BTC tracker on December 29, sparking speculation about today’s announcement.
In its latest BTC acquisition, MicroStrategy spent approximately $97,837 per BTC. With this acquisition, MicroStrategy extends its lead as the world’s largest holder of Bitcoin among publicly traded companies. It currently holds 446,400 BTC, with a total value of $27.9 billion, acquired at an average purchase price of $62,428 per Bitcoin.
In total, the company’s BTC yield was 47.8% quarter-to-date and 74.1% year-to-date.
Despite the purchases, Bitcoin price remains negative in the daily and weekly time frames, trading at around $93,114 at the time of writing. According to CoinMarketCap, BTC has fallen 1.8% in the past 24 hours and 2.6% in the past week.
Meanwhile, MicroStrategy shares, which soared after the company joined the Nasdaq 100, fell 13.3% in premarket trading. MSTR closed at $330 on December 27th, but was hovering around $319 as of 8:30 ET on December 30th.
