Key Notes
- MicroStrategy has acquired 5,262 BTC worth $561 million between December 16 and 22, funded through share sales.
- The company’s aggressive Bitcoin strategy has delivered a 47.4% quarterly yield and 73.7% annual yield.
- The latest purchase coincides with the company’s inclusion into Nasdaq-100 index, alongside tech giants like Apple and Amazon.
MicroStrategy, the software giant known for its unprecedented Bitcoin acquisition strategy, has increased its Bitcoin holdings with an additional 5,262 BTC worth approximately $561 million, acquired between December 16 and 22. This brings the software giant’s total holdings to 444,262 BTC, acquired at an aggregate cost of $27.7 billion, with an average purchase price of $62,257 per Bitcoin.
MicroStrategy is closing 2024 as the largest corporate Bitcoin holder globally, surpassing BlackRock and Grayscale Investments. As of December 23, the company’s Bitcoin portfolio shows a 47.4% return quarter-to-date and 73.7% year-to-date.
MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q
— Michael Saylor⚡️ (@saylor) December 23, 2024
To finance the latest Bitcoin acquisition, the business intelligence firm sold 1,317,841 shares last week, generating approximately $561 million in net proceeds. According to a filing with the United States Securities and Exchange Commission (SEC) the proceeds were used to fund the purchase.
The sale was part of the company’s ongoing ATM program, which still has about $7 billion worth of shares available for sale. As usual, the proceeds could still be used for future Bitcoin purchases.
MicroStrategy Joins the Nasdaq-100 Index
Adding to its achievements this year, MicroStrategy was recently included in the Nasdaq-100 index, alongside Palantir Technologies and Axon Enterprise.
Nasdaq unveiled the list last week, announcing that the inclusion will be effective starting today. The Nasdaq-100 index comprises 100 of the largest non-financial companies listed on the Nasdaq Stock Market, making it a prestigious benchmark for technology and innovation.
The inclusion signals confidence in the company’s financial stability and market performance, aligning it with tech giants like Apple, Microsoft, and Amazon. For shareholders, this milestone could mean increased liquidity and valuation as more investment funds benchmarked to the Nasdaq-100 begin incorporating MicroStrategy’s stock.
A Year of Milestones for MicroStrategy
2024 has been a landmark year for MicroStrategy. Beyond its inclusion in the Nasdaq-100, the company has maintained an aggressive Bitcoin acquisition strategy. Between November and December, the firm has made up to seven different purchases.
The company’s founder, Michael Saylor, who is also a prominent Bitcoin advocate, has consistently argued that Bitcoin represents the best long-term hedge against inflation and economic uncertainty.
On December 21, he introduced a Digital Assets Framework for the United States, advocating for the creation of a Bitcoin reserve that he claims could generate up to $81 trillion in revenue for the country’s Treasury.
In a post on X, Saylor stated that the proposed reserve framework would enhance the country’s fiat currency, “address the national debt, and position the United States as a global leader in the digital economy of the 21st century.”
next
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
