MicroStrategy Acquires 15,350 BTC for $1.5 Billion

Between December 9 and 15, MicroStrategy purchased 15,350 BTC for $1.5 billion, equating to $100,386 per coin. This was announced by the company’s founder, Michael Saylor.

MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR https://t.co/SaWLNBVkrl

— Michael Saylor⚡️ (@saylor) December 16, 2024

At the time of writing, MicroStrategy holds 439,000 BTC, acquired for $27.1 billion at an average rate of $61,725.

The yield for the last quarter was 46.4%, and 72.4% since the beginning of the year.

The bitcoin purchase coincided with the sale of 3,884,712 MicroStrategy shares for the same $1.5 billion. As of December 15, investors have access to another $7.65 billion in MSTR out of the $21 billion planned for realization.

On December 13, Nasdaq announced the inclusion of MicroStrategy shares in the Nasdaq-100, a list of the 100 largest non-financial companies by market capitalization whose securities are traded on the exchange.

Experts believe that inclusion in the index will lead to a surge in MSTR’s price.

At the time of writing, MicroStrategy shares are trading at $421.5 in the Nasdaq pre-market. The market capitalization is $91.82 billion.

Earlier in December, JPMorgan analysts noted that mining companies have begun adopting a strategy of acquiring bitcoins on their balance sheets, following MicroStrategy’s example.