MicroStrategy has acquired an additional 21,550 BTC for $2.1 billion, as announced by the company’s founder, Michael Saylor.
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR https://t.co/8r7bFqMFof
— Michael Saylor⚡️ (@saylor) December 9, 2024
According to a report filed with the U.S. Securities and Exchange Commission, the firm purchased the coins at an average price of $98,783.
The yield for the last quarter was 43.2%, and for the year, it was 68.7%.
At the time of writing, MicroStrategy holds 423,650 BTC, acquired for $25.6 billion ($60,324 per coin). Based on current rates, the company’s assets are valued at approximately $41.8 billion.
Shares of MSTR are trading at $381, with a market capitalization of $85.32 billion.
Throughout 2024, MicroStrategy’s stock has shown a fivefold increase in price compared to Bitcoin—650.2% versus 123.1%. The company’s growth rate has surpassed that of the S&P 500 index and Nvidia.
Earlier, during a presentation to Microsoft’s board of directors, Saylor unveiled a Bitcoin strategy aimed at adding $5 trillion to the company’s market capitalization.