MicroStrategy Invests $1.5 Billion Expanding Holdings to 439,000 Bitcoin

MicroStrategy adds 15,350 Bitcoin for $1.5 billion, growing its holdings to 439,000 Bitcoin as it joins the Nasdaq-100 Index.

Deniz Saat

December 16, 2024 @ 1:29 PM PT

MicroStrategy, a publicly traded business intelligence firm, announced on December 16th that it has purchased 15,350 Bitcoin for approximately $1.5 billion.

MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR https://t.co/SaWLNBVkrl
— Michael Saylor⚡️ (@saylor) December 16, 2024

The acquisition, made between December 9th and 15th, was funded through the issuance and sale of shares under a convertible notes agreement at an average price of $100,386 per Bitcoin.

This brings MicroStrategy’s total Bitcoin holdings to 439,000 Bitcoin, valued at $45.6 billion based on current prices.

The company has spent a total of $27.1 billion on these acquisitions, with an average cost of $61,725 per Bitcoin.

Michael Saylor, the company’s founder, highlighted Bitcoin’s recent performance, noting gains of 46.4% for the current quarter and 72.4% year-to-date.

He also reiterated his long-term confidence in Bitcoin, stating his intent to continue acquisitions even at higher prices.

MicroStrategy’s Bitcoin strategy has aligned with a significant rise in its share price, which has surged 490% year-to-date.

Adding to its market momentum, Nasdaq recently announced that MicroStrategy’s stock will join the Nasdaq-100 Index, a move set to take effect on December 23rd.