MicroStrategy, a publicly traded enterprise intelligence agency, introduced on December sixteenth that it has bought 15,350 Bitcoin for about $1.5 billion.
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
The acquisition, made between December ninth and fifteenth, was funded by way of the issuance and sale of shares below a convertible notes settlement at a median value of $100,386 per Bitcoin.
This brings MicroStrategy’s complete Bitcoin holdings to 439,000 Bitcoin, valued at $45.6 billion primarily based on present costs.
The corporate has spent a complete of $27.1 billion on these acquisitions, with a median value of $61,725 per Bitcoin.
Michael Saylor, the corporate’s founder, highlighted Bitcoin’s current efficiency, noting good points of 46.4% for the present quarter and 72.4% year-to-date.
He additionally reiterated his long-term confidence in Bitcoin, stating his intent to proceed acquisitions even at increased costs.
MicroStrategy’s Bitcoin technique has aligned with a major rise in its share value, which has surged 490% year-to-date.
Including to its market momentum, Nasdaq not too long ago introduced that MicroStrategy’s inventory will be part of the Nasdaq-100 Index, a transfer set to take impact on December twenty third.
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