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VisitWhat will be MicroStrategy's Bitcoin holdings by December 31, 2025?
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Official financial statements or press releases from MicroStrategy
MicroStrategy Expands Bitcoin Holdings to 402,100 BTC with $1.5B Purchase, Stock Surges 10% as Bitcoin Tops $100,000
Dec 5, 2024, 12:11 AM
MicroStrategy has significantly expanded its Bitcoin holdings to 402,100 BTC, following a $1.5 billion purchase funded through a $21 billion equity offering. This acquisition has increased the company's Bitcoin reserves to a current value of approximately $38.66 billion. In November, MicroStrategy raised $13.5 billion and acquired 149,880 BTC at an average price of about $90,231 per Bitcoin, yielding a net benefit of 97,500 BTC to shareholders. The company's average acquisition price has nearly doubled this year, now standing at $58,263 per Bitcoin. As Bitcoin recently surpassed $100,000 for the first time, MicroStrategy's stock surged by 10% in overnight trading, bringing its Bitcoin position's worth to over $40 billion. The company has raised over $6 billion in convertible notes this year to finance its Bitcoin purchases, attracting hedge funds looking to capitalize on Bitcoin's volatility. CEO Michael Saylor noted that the company's treasury operations delivered a BTC yield of 63.3% year-to-date, equating to approximately $12.3 billion.
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