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MicroStrategy has acquired 15,350 BTC for $1.5B at an average price of $100,386 per coin in yet another massive weekly buy.
What's the scoop?
- Funding Source: The purchase was financed through the sale of 3.88M company shares, raising an equivalent $1.5B.
- Total Holdings: MicroStrategy now holds 439,000 BTC, worth $45B, purchased at an average cost of $61,725 per coin.
- Capital Strategy: The company has $7.65B in equity and $21B in fixed-income securities available for future
Bitcoin acquisitions. - Market Impact: MicroStrategy shares are up 490% year-to-date and gained 4.2% on the latest Bitcoin purchase news.
Bankless Take:
MicroStrategy continues to set itself apart as a corporate Bitcoin powerhouse, now holding over 2% of Bitcoin's fixed supply. The company’s aggressive strategy—leveraging equity and debt—has not only amplified its BTC holdings but also pushed its valuation well above net Bitcoin asset value. While some investors question the sustainability of its premium-to-NAV approach, analysts highlight that Bitcoin's price stability near $100K provides a runway for continued buying. The company's Nasdaq 100 inclusion this month only strengthens its visibility and ability to raise capital, reinforcing its position as a critical player in the Bitcoin ecosystem.
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
