MicroStrategy significantly expanded its Bitcoin (BTC) holdings for the fifth consecutive week.
On Dec. 9, the firm revealed that it acquired an additional 21,550 Bitcoin during the week ending Dec. 8 for $2.1 billion at an average purchase price of $98,783 per token.
According to the US Securities and Exchange Commission (SEC) filing, the acquisition was funded by selling 5,418,449 shares for aggregate net proceeds of approximately $2.13 billion. The firm still has $9.19 billion available from its $21 billion at-the-market (ATM) share sale facility to fund future BTC purchases.
This purchase brought the firm’s total holdings to 423,650 Bitcoin, representing over 2% of the flagship digital asset’s total supply. The company’s aggregate purchase price for these holdings is $25.6 billion, with an average acquisition cost of about $60,324 per coin.
In addition to its growing holdings, MicroStrategy’s Bitcoin yield has seen impressive gains. Between Oct. 1 and Dec. 8, 2024, the company reported a yield of 43.2%. Year-to-date figures reveal an even more significant yield of 68.7% as of Dec. 8.
Source: https://cryptoslate.com/insights/microstrategy-now-controls-over-2-of-bitcoin-supply-after-latest-2-1-billion-purchase/
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