MicroStrategy Adds 5,262 BTC to Its Bitcoin Holdings, Totaling 444,262 BTC
#MicroStrategy known as the largest corporate holder of Bitcoin, has further solidified its position with the acquisition of 5,262 BTC for approximately $561 million. The purchase was made at an average price of $106,662 per Bitcoin, as revealed by the company's Executive Chairman, Michael Saylor.
This latest addition brings MicroStrategy's total Bitcoin holdings to a staggering 444,262 BTC, acquired at a cumulative cost of $27.7 billion, averaging $62,257 per Bitcoin. With Bitcoin’s current market value, the company’s holdings are now worth over $40 billion.
MicroStrategy’s QTD (Quarter-to-Date) BTC yield has reached 47.4%, while its YTD (Year-to-Date) yield stands at an impressive 73.7%. These figures highlight the company's strategic gains from its aggressive Bitcoin acquisition strategy.
In October 2024, MicroStrategy unveiled ambitious plans to raise $42 billion to support future Bitcoin purchases as part of its treasury reserve strategy. The company has approximately $7.65 billion in shares still available for sale under its $21 billion equity offering and another $21 billion in fixed-income securities.
MicroStrategy's continued investment in Bitcoin underscores its unwavering belief in the asset as a long-term store of value and a cornerstone of its corporate treasury strategy. With its growing Bitcoin stockpile, the company remains at the forefront of Bitcoin adoption in the corporate world.
