MicroStrategy Acquires 15,350 Bitcoins, Boosting Total Holdings to 439,000

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MicroStrategy, Inc. recently acquired approximately 15,350 bitcoins. This acquisition occurred between December 9 and December 15, 2024, at an average price of approximately $100,386 per bitcoin, totaling around $1.5 billion. This purchase has increased MicroStrategy's total Bitcoin holdings to 439,000 bitcoins.

The company's strategy of heavily investing in Bitcoin has been a significant factor in its financial performance. MicroStrategy's stock has surged more than 6% in pre-market trading, reflecting the positive market sentiment towards cryptocurrencies and Bitcoin's surge to a new all-time high. Year-to-date, MicroStrategy has achieved a Bitcoin yield of 68.7%, showcasing the effectiveness of its equity sales in supercharging its Bitcoin portfolio.

MicroStrategy's aggressive Bitcoin acquisition strategy has also been influenced by its recent inclusion in the Nasdaq-100 index, which has further propelled its market cap to $89 billion. The company has raised $42 billion in additional funding to continue its Bitcoin purchases, reflecting its strong commitment to this asset.

Overall, MicroStrategy's recent acquisition of 15,350 bitcoins underscores its confidence in Bitcoin as a valuable treasury reserve asset and its strategic move to leverage the cryptocurrency market's growth.