MicroStrategy considerably expanded its Bitcoin (BTC) holdings for the fifth consecutive week.
On Dec. 9, the agency revealed that it acquired an extra 21,550 Bitcoin in the course of the week ending Dec. 8 for $2.1 billion at a median buy worth of $98,783 per token.
In accordance with the US Securities and Alternate Fee (SEC) submitting, the acquisition was funded by promoting 5,418,449 shares for combination web proceeds of roughly $2.13 billion. The agency nonetheless has $9.19 billion accessible from its $21 billion at-the-market (ATM) share sale facility to fund future BTC purchases.
This buy introduced the agency’s whole holdings to 423,650 Bitcoin, representing over 2% of the flagship digital asset’s whole provide. The corporate’s combination buy worth for these holdings is $25.6 billion, with a median acquisition value of about $60,324 per coin.
Along with its rising holdings, MicroStrategy’s Bitcoin yield has seen spectacular good points. Between Oct. 1 and Dec. 8, 2024, the corporate reported a yield of 43.2%. 12 months-to-date figures reveal an much more important yield of 68.7% as of Dec. 8.
