Microstrategy Just Bought Another $1.5 Billion Worth Of Bitcoin, Pushing Stash To 402,100 BTC ⋆ ZyCrypto
The post Microstrategy Just Bought Another $1.5 Billion Worth Of Bitcoin, Pushing Stash To 402,100 BTC ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Michael Saylor’s MicroStrategy, the largest corporate holder of Bitcoin, is now the owner of nearly 2% of all Bitcoin that will ever be created after again buying the dip. On Monday, the business intelligence firm and “Bitcoin development company” announced that it had purchased even more Bitcoin for approximately $1.5 billion. Microstrategy Acquires Additional 15,400 BTC According to an 8-K filing with the U.S. Securities and Exchange Commission on Monday, MicroStrategy purchased 15,400 additional Bitcoin for a total of $1.5 billion at an average price of $95,976 per Bitcoin between Nov. 25 and Dec. 1. MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0 — Michael Saylor⚡️ (@saylor) December 2, 2024 While that’s smaller than the company’s most recent BTC buys and a drop in the ocean compared to its overall stockpile, it does push the size of the company’s holdings to a new record peak. As of Nov. 2, MicroStrategy holds 402,100 Bitcoin, or $39 billion worth at the current price of the asset. The company’s overall average purchase price is $58,263. The 402,100 tokens represent over 1.9% of the 21 million BTC that can ever be created, with roughly 19.7 million Bitcoin of the total 21 million supply currently circulating. Advertisement   The latest acquisition follows the sale of a further 3.7 million MicroStrategy shares under the firm’s existing at-the-market program. According to the disclosure, the company still has $11.3 billion worth of shares remaining available for sale as part of its planned $21 billion equity offering and $21 billion of fixed-income securities, seeking a total of a whopping $42 billion capital raise over…
Filed under: News - @ December 2, 2024 11:24 pm