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VisitMicroStrategy's average Bitcoin purchase price by Dec 31, 2025?
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MicroStrategy's financial disclosures
MicroStrategy Buys $2.1B in Bitcoin, Now Owns 2% of Supply
Dec 9, 2024, 01:16 PM
MicroStrategy Inc. has significantly expanded its Bitcoin holdings, purchasing an additional 21,550 BTC for approximately $2.1 billion between December 2 and December 8, 2024. This latest acquisition brings the company's total Bitcoin reserves to 423,650 BTC, valued at around $41.7 billion, with an average purchase price of $60,324 per coin. The company's aggressive Bitcoin acquisition strategy, known as the '21/21 Plan,' aims to raise $42 billion over three years to continue its accumulation of the cryptocurrency. This move has drawn increased scrutiny due to the firm's reliance on a combination of equity and fixed-income securities sales to finance these rapidly increasing acquisitions. Michael Saylor, the company's executive chairman, has predicted that MicroStrategy could own 2% of all Bitcoin by 2045, with a bullish case of 49 million BTC. This is the fifth consecutive week of Bitcoin purchases, with the company achieving a Bitcoin yield of 43.2% for the quarter-to-date and 68.7% year-to-date. To fund this latest acquisition, MicroStrategy sold 5.42 million shares for $2.13 billion.
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