MicroStrategy has acquired another $1.5 billion worth of Bitcoin to add to its massive Bitcoin holdings since 2020.
On December 16, the artificial intelligence-powered cloud analytics company announced it had purchased 15,350 BTC.
According to a regulator, the US-based company used the proceeds from its stock sale to buy 15,350 BTC between December 9 and 15, 2024. filed On Monday.
The purchase boosts MicroStrategy’s position as the world’s largest corporate holder of the benchmark cryptocurrency, bringing total BTC holdings to 439,000.
MicroStrategy founder and executive chairman Michael Saylor shared the news via
The company has acquired this huge Bitcoin for approximately $27.1 billion.
sailor noted,
MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and achieved a BTC yield of 46.4% QTD and 72.4% YTD.
As of 12/15/2024, we acquired 439,000 $BTC for ~$27.1 billion at ~$61,725 per Bitcoin.
Bitcoin price rose sharply during the week and recaptured its recent peak before continuing A new all-time high above $106k,
Over the past several months, MicroStrategy has issued billions of dollars worth of convertible notes and used the proceeds to double down on BTC.
MicroStrategy’s Bitcoin Strategy
Saylor is one of the biggest Bitcoin bulls in the market and previously predicted that the digital asset could be worth more than a million dollars.
He recently made a presentation to convince the Microsoft board to support a proposal to add BTC to the tech giant’s corporate coffers.
Shareholders ultimately rejected the proposal in a vote last week.
However, like many within the ecosystem, the MicroStrategy founder is super bullish about BTC and expects further gains as adoption strengthens amid the boom in exchange-traded funds.
Here is Saylor’s latest bullish BTC post on X:
I’ll see you on the moon. #bitcoin
MicroStrategy shares have skyrocketed as the price of BTC surged amid regular buying.
Both stocks and digital assets have surged amid other catalysts such as the US election and central bank interest rate decisions.
MSTR, MicroStrategy’s stock, rose more than 6% in premarket trading and opened higher.
The profit came while the company was awaiting Nasdaq-100 index listing.
The stock is up more than 496% YTD.
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