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MicroStrategy Surpasses 439,000 BTC After Latest $1.5 Billion Buy
The post MicroStrategy Surpasses 439,000 BTC After Latest $1.5 Billion Buy appeared on BitcoinEthereumNews.com. MicroStrategy has bolstered its Bitcoin holdings with an additional acquisition of 15,350 BTC, investing approximately $1.5 billion. The purchase, completed between December 9 and December 15, 2024, reflects an average price of $100,386 per Bitcoin, including fees. This is the first time that MicroStrategy purchased Bitcoin with an average price above $100,000. The strategic move aligns with the company’s commitment to Bitcoin as its primary treasury reserve asset. Michael Saylor’s Vision for Bitcoin The latest acquisition brings MicroStrategy’s total Bitcoin holdings to 439,000 BTC. These holdings were accumulated at a total cost of $27.1 billion, with an average purchase price of $61,725 per BTC. MicroStrategy funded the latest purchase through proceeds raised under its equity sales agreement, as outlined in its December 16, 2024, Form 8-K filing. The report also highlighted the company’s impressive Bitcoin Yield, a key performance indicator (KPI) used to measure the relative growth of its BTC holdings against diluted share issuance. From October 1 to December 15, MicroStrategy achieved a quarterly BTC Yield of 46.4%. Year-to-date, the metric surged to 72.4%, underlining the company’s strategic success in leveraging equity sales to acquire Bitcoin. MicroStrategy’s Executive Chairman, Michael Saylor, remains an outspoken advocate for Bitcoin adoption. Saylor continues to emphasize the long-term value of Bitcoin as a “digital capital asset.” Under his leadership, MicroStrategy has transformed its financial strategy, using Bitcoin as a hedge against fiat currency devaluation and inflation. MicroStrategy’s ability to fund large-scale Bitcoin purchases stems from its equity sales agreements. During the same period of its BTC acquisitions, the company issued and sold 3,884,712 shares of its Class A common stock, generating $1.54 billion in proceeds. This strategy enables MicroStrategy to accumulate Bitcoin without relying on traditional debt financing. The company’s aggressive approach continues to set a benchmark for corporate Bitcoin adoption. Analysts view…
The post MicroStrategy Surpasses 439,000 BTC After Latest $1.5 Billion Buy appeared on BitcoinEthereumNews.com.
MicroStrategy has bolstered its Bitcoin holdings with an additional acquisition of 15,350 BTC, investing approximately $1.5 billion. The purchase, completed between December 9 and December 15, 2024, reflects an average price of $100,386 per Bitcoin, including fees. This is the first time that MicroStrategy purchased Bitcoin with an average price above $100,000. The strategic move aligns with the company’s commitment to Bitcoin as its primary treasury reserve asset. Michael Saylor’s Vision for Bitcoin The latest acquisition brings MicroStrategy’s total Bitcoin holdings to 439,000 BTC. These holdings were accumulated at a total cost of $27.1 billion, with an average purchase price of $61,725 per BTC. MicroStrategy funded the latest purchase through proceeds raised under its equity sales agreement, as outlined in its December 16, 2024, Form 8-K filing. The report also highlighted the company’s impressive Bitcoin Yield, a key performance indicator (KPI) used to measure the relative growth of its BTC holdings against diluted share issuance. From October 1 to December 15, MicroStrategy achieved a quarterly BTC Yield of 46.4%. Year-to-date, the metric surged to 72.4%, underlining the company’s strategic success in leveraging equity sales to acquire Bitcoin. MicroStrategy’s Executive Chairman, Michael Saylor, remains an outspoken advocate for Bitcoin adoption. Saylor continues to emphasize the long-term value of Bitcoin as a “digital capital asset.” Under his leadership, MicroStrategy has transformed its financial strategy, using Bitcoin as a hedge against fiat currency devaluation and inflation. MicroStrategy’s ability to fund large-scale Bitcoin purchases stems from its equity sales agreements. During the same period of its BTC acquisitions, the company issued and sold 3,884,712 shares of its Class A common stock, generating $1.54 billion in proceeds. This strategy enables MicroStrategy to accumulate Bitcoin without relying on traditional debt financing. The company’s aggressive approach continues to set a benchmark for corporate Bitcoin adoption. Analysts view…
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