2024-12-10
MicroStrategy has continued its
aggressive Bitcoin acquisition strategy, purchasing an additional 21,550 BTC
for approximately $2.1 billion between December 2 and December 8, 2024.
This acquisition was funded through the
sale of 5.42 million shares, generating net proceeds of $2.13 billion.
As of December 8, 2024, MicroStrategy
holds a total of 423,650 BTC ($41,335,377,986), acquired at an aggregate cost
of approximately $25.6 billion, averaging $60,324 per Bitcoin.
With Bitcoin's current price around
$97,569, the company's holdings are valued at approximately $41.3 billion,
reflecting a significant unrealized gain.
The company reports a quarter-to-date
BTC yield of 43.2% and a year-to-date yield of 68.7%, indicating substantial
returns on its Bitcoin investments.
MicroStrategy's strategy involves
leveraging equity sales to fund Bitcoin purchases, which has implications for
shareholders due to potential dilution.
MicroStrategy currently has a market
cap of $85.57 billion. This makes MicroStrategy the world's 220th
most valuable company by market cap .
