Bitcoin
Home” Bitcoin” MicroStrategy scoops another 5,262 BTC before signing up with Nasdaq-100
by
Vivian Nguyen
Dec. 23, 2024
The business now holds over 444,000 BTC.
Secret Takeaways
- MicroStrategy got 5,262 Bitcoin worth $561 million before signing up with the Nasdaq-100 index.
- The business’s overall Bitcoin holdings represent over 2% of Bitcoin’s overall supply.
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MicroStrategy revealed on Monday that it got 5,262 Bitcoin valued at $561 million in between December 16 and 22, marking its seventh successive week of Bitcoin purchases ahead of its approaching addition in the Nasdaq-100 index. The acquisition was carried out at a typical rate of around $106,662 per coin.
MicroStrategy has actually obtained 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has actually accomplished BTC Yield of 47.4% QTD and 73.7% YTD. Since 12/22/2024, we hodl 444,262 $BTC obtained for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q
— Michael Saylor⚡⚡ ️ (@saylor) December 23, 2024
The Tysons, Virginia-based business moneyed its Bitcoin purchase by offering shares of its own stock, according to a Monday SEC filing. Recently, MicroStrategy offered 1,317,841 shares, creating around $561 million in net earnings. MicroStrategy still has around $7 billion worth of shares offered to offer under their sales arrangement since December 22, showing possible for more financing through stock sales.
The most recent purchase adds to the business’ s outstanding Bitcoin yield of 47.4% quarter-to-date and 73.7% year-to-date. Presently, MicroStrategy holds an overall of 444,262 BTC, obtained for roughly $27.7 billion at a typical expense of $62,257 per coin
MicroStrategy shares have actually risen 476% year-to-date, making it among Nasdaq’ s leading entertainers in 2023. This efficiency assisted certify the business for addition in the Nasdaq-100 index, which works ahead of market opening today.
Nasdaq revealed its yearly reconstitution of the Nasdaq-100 index on December 13, including MicroStrategy together with Palantir Technologies and Axon Enterprise.
The marketplace reacted favorably to the news, with MicroStrategy’ s stock rate increasing 11.5% to $364 at Friday’ s close, according to Yahoo Finance information.
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