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MicroStrategy Acquires 2,530 Bitcoin For $243M, Reaching 450,000 BTC In Total Holdings
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MicroStrategy Acquires 2,530 Bitcoin For $243M, Reaching 450,000 BTC In Total Holdings
Jan 13, 2025 6:49 AM

MicroStrategy Incorporated ( MSTR ) has expanded its Bitcoin (CRYPTO: BTC) holdings by purchasing an additional 2,530 bitcoins for approximately $243 million, averaging $95,972 per coin, according to an SEC filing.

This acquisition was funded through the sale of 710,425 shares of the company’s class A common stock, conducted between January 6 and January 12, 2025, under a previously established Sales Agreement, the filing states.

The share sales generated net proceeds of about $243 million.

As of Jan.12, approximately $6.53 billion worth of shares remain available for future issuance and sale under this agreement.

Also Read: EXCLUSIVE: Bitcoin Tumbling, But Bull Market Top Isn’t In Yet, Experts Say

With this latest purchase, MicroStrategy ( MSTR ) and its subsidiaries now hold a total of approximately 450,000 Bitcoin, acquired at an aggregate cost of around $28.2 billion, which equates to an average purchase price of $62,691 per Bitcoin, inclusive of fees and expenses.

The company also reported a BTC Yield of 0.32% for the period from Jan. 1 to Jan. 12, 2025.

BTC Yield is a key performance indicator that measures the percentage change in the ratio between MicroStrategy’s Bitcoin holdings and its Assumed Diluted Shares Outstanding over a specific period.

MicroStrategy ( MSTR ) continues to utilize its at-the-market share offering program to fund its bitcoin acquisition strategy, apparently reinforcing its commitment to Bitcoin as a primary treasury reserve asset.

Read Next:

Bitcoin Slides To $91,000 Ahead Of Upcoming Key Inflation Data

Image: Shutterstock

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