Key Takeaways
MicroStrategy acquired 2,138 Bitcoins for $209 million, increasing its total holdings to 446,400 BTC.
MicroStrategy shareholders will vote on increasing stock for Bitcoin strategy in 2025.
MicroStrategy announced on Monday that it had purchased 2,138 Bitcoins for approximately $209 million, at an average price of $97,837 per coin. These acquisitions were made between December 23 and December 29, bringing the company’s total Bitcoin holdings to 446,400 BTC, valued at around $41.8 billion based on current market prices.
MicroStrategy has acquired 2,138 BTC for about $209 million at an average cost of roughly $97,837 per bitcoin and has achieved a Bitcoin Yield of 47.8% QTD and 74.1% YTD. As of December 29, 2024, we hold 446,400 BTC acquired for about $27.9 billion at an average cost of roughly $62,428 per bitcoin. $MSTR https://t.co/58aXM7g6u2
— Michael Saylor⚡️ (@saylor) December 30, 2024
To finance this Bitcoin acquisition, the Virginia-based company sold shares of its own stock, as outlined in a filing with the Securities and Exchange Commission on Monday. Last week, MicroStrategy sold 592,987 shares, generating approximately $209 million in net proceeds.
As of December 30, MicroStrategy still has about $6.8 billion worth of shares available for sale from its planned $21 billion equity offering and an additional $21 billion in fixed-income securities.
Earlier this month, MicroStrategy’s co-founder and executive chairman, Michael Saylor, suggested that the company would review its capital allocation strategy once it reaches its ambitious $42 billion target for Bitcoin investments. Subsequent to this statement, the company announced it would convene a special meeting to vote on key proposals aimed at bolstering its Bitcoin acquisition strategy.
The proposals include increasing the authorized Class A common stock from 330 million to 10.33 billion shares and raising the number of authorized preferred shares from 5 million to 1.005 billion. These adjustments are intended to provide MicroStrategy with greater flexibility in financing its ongoing Bitcoin acquisitions.
Since unveiling its 21/21 plan, MicroStrategy has acquired over 194,000 BTC valued at approximately $18 billion, achieving roughly 42% of its intended investment objective in less than two months.
The most recent acquisition also signifies MicroStrategy’s eighth consecutive week of Bitcoin purchases. Last week, the company disclosed that it had purchased 5,000 Bitcoins for $561 million. This announcement preceded MicroStrategy’s inclusion in the Nasdaq 100 index, potentially increasing the likelihood of significant exchange-traded funds investing in the stock.
