MicroStrategy Acquires $2.1 Billion in Bitcoin, Total Holdings Reach $42 Billion
MicroStrategy has increased its Bitcoin holdings by 21,550 BTC, valued at approximately $2.1 billion, between December 2 and December 8. This purchase raises the total Bitcoin holdings to 423,650 BTC, currently worth around $42 billion based on market prices.
This acquisition marks the fifth consecutive week of Bitcoin purchases for the firm. Last week, MicroStrategy bought 15,400 BTC for $1.5 billion, averaging $95,976 per coin. Overall, the company has invested about $25.6 billion, including fees, acquiring Bitcoin at an average cost of $60,324 per BTC.
To support its Bitcoin strategy, MicroStrategy has raised funds through share sales. Recently, it sold 5.4 million shares to finance the latest purchase. The company still has over $9 billion in shares available for sale as part of a broader fundraising plan, aiming to raise a total of $42 billion over the next three years through a combination of equity offerings and fixed-income securities.
Michael Saylor, co-founder and executive chairman of MicroStrategy, reaffirmed the company's commitment to Bitcoin as a strategic asset. He noted that the company’s Bitcoin Yield, measuring the percentage increase in Bitcoin holdings relative to diluted shares, has reached 68.7% this year.
MicroStrategy's investment strategy establishes it as the largest corporate holder of Bitcoin globally.