Stock

MicroStrategy buys more bitcoin

Published

Investing.com — MicroStrategy Inc. revealed Monday that it has increased its Bitcoin holdings, acquiring approximately 21,550 Bitcoins for $2.1 billion between December 2 and December 8, 2024.

The average purchase price was around $98,783 per bitcoin, including fees and expenses.

The latest Bitcoin acquisitions were funded through proceeds from the sale of 5.42 million shares of class A common stock under its Sales Agreement, which generated $2.13 billion.

MicroStrategy has purchased Bitcoin for five consecutive Mondays. The company’s shares are up around 470% this year.

As of December 8, MicroStrategy said it holds 423,650 bitcoins, valued at an aggregate purchase price of $25.6 billion, with an average cost of $60,324 per bitcoin.

The company highlighted its BTC Yield, a key performance indicator reflecting the percentage change in the ratio of bitcoin holdings to assumed diluted shares outstanding. MicroStrategy’s BTC Yield was 43.2% for Q4 2024 and 68.7% for the year.

This post appeared first on investing.com

In this article:

You May Also Like

Editor's Pick

Could Trump undermine the vote again? Harris’s legal team says it’s not worried.

Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

October 21, 2024

Economy

BoE’s Greene sticks to view that rate cuts should be gradual

LONDON (Reuters) – Bank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting...

October 21, 2024

Editor's Pick

A GOP operative accused a monastery of voter fraud. Nuns fought back.

Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

October 24, 2024

Latest News

Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer’s largest single-quarter jump

Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

November 9, 2024

Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 beneficialinvestmentnow.com

Exit mobile version