TL;DR
- MicroStrategy acquired 15,400 BTC for $1.5 billion, increasing its total holdings to 402,100 BTC, with an estimated value of over $38 billion.
- The purchase was funded through the sale of 3,728,507 shares, as part of a strategy to raise $42 billion and continue investing in Bitcoin.
- Michael Saylor supports this approach, highlighting a 63.3% growth in the company’s “Bitcoin Yield” and the strategic value of BTC as a corporate reserve asset.
MicroStrategy continues to strengthen its position as one of the largest corporate holders of Bitcoin, with the company announcing a new acquisition of 15,400 BTC.
The purchase, made between November 25 and December 1, cost approximately $1.5 billion at an average price of $95,976 per unit. This acquisition increased the company’s total holdings to 402,100 BTC, with an estimated value of over $38 billion at current prices. Since its initial foray into Bitcoin, MicroStrategy has invested a total of $23.4 billion, including fees and related expenses, at an average price of $58,263 per BTC.
The latest acquisition was financed through the sale of 3,728,507 MicroStrategy shares, which raised an amount equivalent to the funds invested in this operation. This method is part of a broader financing strategy aiming to raise up to $42 billion over the next three years through a combination of equity issuance and fixed-income securities. The capital will be used to continue strengthening its Bitcoin position, reinforcing its commitment to the asset as a strategic pillar of its corporate treasury.
The Performance of MicroStrategy’s Bitcoin Strategy
MicroStrategy’s co-founder and executive chairman, Michael Saylor, has been a staunch advocate of this strategy, asserting that accumulating Bitcoin creates long-term value for shareholders.
According to Saylor, the company has managed to balance share dilution with consistent growth in its Bitcoin holdings, reflected in a 63.3% year-to-date return on its internal metric known as “Bitcoin Yield.” This measure tracks the percentage increase in BTC assets relative to share dilution.
In recent weeks, MicroStrategy has accelerated its pace of acquisitions. Prior to this latest purchase, the company acquired 55,500 BTC for $5.4 billion, followed by another $4.6 billion investment. These transactions demonstrate the company’s confidence in Bitcoin’s long-term potential. Furthermore, they underscore its ongoing commitment to leveraging BTC as a strategic reserve asset