MicroStrategy acquired an additional 21,550 BTC for $2.1 billion. This was announced by the company’s founder, Michael Saylor.
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR https://t.co/8r7bFqMFof
— Michael Saylor⚡️ (@saylor) December 9, 2024
According to a filing with the U.S. Securities and Exchange Commission, the firm bought the coins at an average price of $98,783.
The return for the last quarter was 43.2%, for the year – 68.7%.
At the time of writing, MicroStrategy owns 423,650 BTC, acquired for $25.6 billion ($60,324 per coin). At the exchange rate at the time of writing, the company’s assets are estimated at ~$41.8 billion.
MSTR shares are trading at $381. Capitalization is $85.32 billion.
During 2024, MicroStrategy securities saw five times the price increase compared to Bitcoin – 650.2% versus 123.1%. The company’s growth rate has surpassed, among other things, the S&P 500 index and Nvidia.
During a presentation to the Microsoft board of directors, Saylor presented a Bitcoin strategy that should add $5 trillion to the company’s capitalization.
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Source: Cryptocurrency
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