Bitcoin
Home” Bitcoin” MicroStrategy purchases 1,070 Bitcoin for $101M, yield reaches 74%
by
Vivian Nguyen
Jan. 6, 2025
MicroStrategy’s aggressive method continues with strategies to raise $2 billion through continuous favored stock offerings.
Secret Takeaways
- MicroStrategy purchased 1,070 Bitcoin for $101 million, raising its overall holdings to 447,470 BTC.
- The business’s Bitcoin yield reached 74% in 2024.
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MicroStrategy stated Monday it had actually obtained 1,070 Bitcoin for $101 million in between Dec. 30 and 31, 2024, improving its overall holdings to 447,470 BTC, valued at around $44.3 billion at existing market value.
MicroStrategy has actually gotten 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has actually attained BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. Since 01/05/2025, we hodl 447,470 $BTC obtained for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M
— Michael Saylor⚡⚡ ️(@saylor)January 6, 2025
According to a current SEC filing, the Tysons, Virginia-based business moneyed its most current purchase through the sale of f 319,586 shares throughout the exact same duration. It obtained the digital possession at a typical rate of $94,004 per BTC. MicroStrategy likewise reported its Bitcoin yield reached 74.3% in 2024, with the metric standing at 48% for the duration from Oct. 1 to Dec. 31.
The statement followed Michael Saylor, MicroStrategy’ s co-founder and executive chairman, teased the purchase on Jan. 5, referencing the lines on the Saylor Tracker, a tracking tool for the business’ s Bitcoin acquisitions.
Something about https://t.co/Bx3917zMqi is not rather. pic.twitter.com/vRTAH2xTCX
— Michael Saylor⚡⚡ ️ (@saylor) January 5, 2025
Last Friday, MicroStrategy revealed strategies to raise approximately $2 billion through public offerings of continuous favored stock to reinforce its balance sheet and fund extra Bitcoin purchases. This offering is focused on its “ 21/21 Plan, which targets raising $21 billion in equity and $21 billion through repaired earnings instruments over 3 years.
The business submitted with the SEC on Dec. 23 to increase its authorized Class A typical stock from 330 million to 10.33 billion shares, and its favored stock from 5 million to more than 1 billion shares, looking for higher versatility for future share issuance.
The current purchase marks MicroStrategy’ s ninth successive week of Bitcoin acquisitions because Oct. 31, when the business initially revealed its “ 21/21 Plan. Saylor-led company has actually gotten 195,250 BTC given that starting the strategy, representing about 45% of its financial investment target. At existing market value, these holdings are valued at $19.3 billion.
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