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Michael Saylor's MicroStrategy Added Additional 51,780 Bitcoin for $4.6B
The company now holds 331,200 bitcoin acquired for roughly $16.5 billion and worth just shy of $30 billion.
Self-described Bitcoin Development Company MicroStategy (MSTR) added to its bitcoin BTC$93,818.74 stack, purchasing 51,780 tokens for $4.6 billion over the six days ended Sunday.
MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per #bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD. As of 11/17/2024, we hodl 331,200 $BTC acquired for ~$16.5 billion at ~$49,874 per bitcoin. $MSTR https://t.co/SRRtRrB2jO
— Michael Saylor⚡️ (@saylor) November 18, 2024
STORY CONTINUES BELOW
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With this latest purchase, the company — which began buying bitcoin in August 2020 — now holds 331,200 BTC acquired for about $16.5 billion. At the current price surrounding the $90,000 level, those holdings are worth just less than $30 billion.
To fund this latest purchase, MicroStrategy tapped its at-the-market share issuance program, selling roughly 13.6 million shares for $4.6 billion. The company has about another $15.3 billion of stock it can sell under the current program, according to a regulatory statement released Monday morning.
Over the weekend, Executive Chairman Michael Saylor took to X to tease this morning's purchase disclosure.
I think https://t.co/meaZhpFNq9 needs even more green dots. pic.twitter.com/Rs5hgrnbAm
— Michael Saylor⚡️ (@saylor) November 17, 2024
Just one week ago, the company announced it had purchased 27,200 bitcoin for $2 billion, thus putting buys over the past few weeks to about 72,000 BTC for $6.6 billion.
MSTR shares are down 1% premarket, but remain higher by nearly 400% year-to-date.
Stephen Alpher
Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
