MicroStrategy acquires another 51,780 bitcoin for $4.6 billion, taking holdings to 331,200 BTC
MicroStrategy has purchased another 51,780 BTC for approximately $4.6 billion at an average price of $88,627 per bitcoin.The latest acquisitions come amid MicroStrategy’s sale of 13,593,865 shares for the same value.
Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 51,780 BTC for approximately $4.6 billion at an average price of $88,627 per bitcoin between Nov. 11 and Nov. 17, according to an 8-K filing with the Securities and Exchange Commission on Monday.
It represents the company's largest set of acquisitions to date and follows the sale of 13,593,865 MicroStrategy shares to fund the transactions. As of Nov. 17, the company said approximately $15.3 billion worth of shares remained available for sale as part of its planned $21 billion equity offering and $21 billion in fixed income securities, targeting a $42 billion capital raise over the next three years for further bitcoin acquisitions.
The company now holds 331,200 BTC, worth roughly $29.7 billion. MicroStrategy’s total holdings were bought at an average price of $49,874 per bitcoin, a total cost of around $16.5 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor.
The latest announcement follows news last Monday that MicroStrategy had acquired approximately 27,200 bitcoin for roughly $2.03 billion in cash at an average estimated price of $74,463 per coin, including fees and expenses.
MicroStrategy uses a key performance indicator it calls “Bitcoin Yield” to measure the percentage change in its bitcoin holdings relative to its diluted shares. As of Nov. 17, the firm’s year-to-date Bitcoin Yield is 41.8%, reflecting significant growth in holdings while balancing share dilution amid the company’s strategy of acquiring bitcoin efficiently to benefit shareholders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After the US stock market plummeted, "Wood Sister" Cathie Wood said: The more the market worries, the more optimistic I become, the bull market is not over
As the Nasdaq falls into a correction zone, Cathie Wood ("Sister Wood") stated that the prevailing market anxiety actually makes her more confident in the continuation of the bull market. She attributes this correction to pressures in the bond market and controversies over AI capital expenditures, but emphasizes that the technological revolution is still ongoing. She also revealed that ARK has used the opportunity to increase its holdings in high-conviction positions such as SpaceX, and expects the stock market to perform well through 2027.
After the "Black Week" for tech stocks, Wall Street calls for "bottom fishing"
Morgan Stanley has made it clear that "the next two to three weeks are the time to increase positions." Ed Yardeni characterizes the current downturn as a "correction" rather than the bursting of a bubble. Major Wall Street institutions have an average year-end target for the S&P 500 of 7,973 points. However, most strategists believe that the direction of AI policy remains the largest variable.
CoreWeave writes to Texas governor-elect seeking "data center consultation"
In this open letter, Michael Intrator stated that CoreWeave "strongly supports" Hinojosa's principled position that the growth of data centers must benefit the people of Texas. "We welcome the opportunity to work with your transition team to responsibly advance approved projects and to establish clear and lasting standards for future developments," he said.
Crypto prices
More
