MicroStrategy Acquires 15,400 BTC for $1.5 Billion

MicroStrategy has acquired an additional 15,400 BTC, as announced by the company’s founder, Michael Saylor.

MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0

— Michael Saylor⚡️ (@saylor) December 2, 2024

According to a report filed with the U.S. Securities and Exchange Commission, the company purchased the coins for approximately $1.5 billion at an average price of $95,976.

The yield for the last quarter was 38.7%, and for the year, it was 63.3%.

At the time of writing, MicroStrategy holds 402,100 BTC, valued at approximately $23.4 billion ($58,263 per coin).

The funds for the additional BTC purchase were raised through the sale of 3.7 million company shares on the stock market.

MSTR is trading at $390 in pre-market, with a market capitalization of $87.05 billion.

Throughout 2024, MicroStrategy’s shares have increased in price five times more than Bitcoin—650.2% compared to 123.1%. The company’s growth rate has surpassed the S&P 500 index and Nvidia.

Earlier, during a presentation for Microsoft’s board of directors, Saylor outlined a Bitcoin strategy aimed at adding $5 trillion to the company’s market capitalization.