Bullish! MicroStrategy Acquires Additional 15,400 BTC ($1.5 Billion)

Business intelligence firm MicroStrategy has yet again topped up its Bitcoin (BTC) portfolio with the latest acquisition of 15,400 BTC. According to a Form 8-K with the United States Securities and Exchange Commission (SEC), the 15,400 BTC was bought at an average of $95,976 for approximately $1.5 billion.

MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0

— Michael Saylor⚡️ (@saylor) December 2, 2024

MicroStrategy Now Holds 402,100 BTC

With the latest purchase, MicroStrategy now holds 402,100 BTC in its balance sheet—bought at an average price of $58,263. With this, the company remains the largest corporate holder of the king coin.

In a strategic move, MicroStrategy adopted the Bitcoin strategy in August 2020 to hedge against inflation and diversify its treasury holdings. Since then, it has continued to aggressively purchase the leading crypto asset even during periods of severe market volatility.

So far, MicroStrategy’s investment in Bitcoin has paid off hugely. Data from SaylorTracker shows that MicroStrategy’s BTC portfolio has grown by 64% since its first purchase. The company’s BTC portfolio, bought at $23.4 billion, is now worth a staggering $38.5 billion. MicroStrategy has achieved a BTC yield of 38.7% quarter-to-date (QTD) and 63.3% year-to-date (YTD).

MicroStrategy to Buy More BTC

Even with its substantial holdings, MicroStrategy is aiming to introduce an initiative that will significantly increase its Bitcoin holdings. In its Q3 financial report, MicroStrategy stated that it plans to raise $42 billion over the next three years—$21 billion through equity issuance and another $21 billion via fixed-income securities. 

According to MicroStrategy, this capital injection will finance the purchase of additional Bitcoin as a treasury reserve asset, reinforcing the company’s confidence in the digital asset’s potential to drive long-term shareholder value.

Last month, MicroStrategy increased its convertible senior note sales offering to $2.6 billion, which will help finance future BTC acquisitions.