MicroStrategy buys 2,138 BTC to bring stacks to 446,400
MicroStrategy Adds Another 2,138 BTC Purchase To Its Bitcoin Holdings This is the eighth consecutive week that the US-listed company has bought Bitcoin MicroStrategy announced a day after Michael Saylor posted the company's BTC tracker.
MicroStrategy, the world's largest publicly traded Bitcoin (BTC) owner, has announced the acquisition of a major digital asset.
The company, which saw the speed of the BTC purchase, is known as a Bitcoin development company, and on December 30, the company showed its latest purchase.
Microstrategy buys BTC again
In the announcement, the company announced its eighth consecutive week of BTC purchases of 2,138 bitcoins for $209 million. The company used the proceeds from the stock sale, which currently has a market cap of more than $6.88 billion.
MicroStrategy acquired 2,138 BTC for ~$209 million at ~$97,837 per Bitcoin and achieved a BTC yield of 47.8% QTD and 74.1% YTD. In the year Since 12/29/2024 we have bought 446,400$BTC for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR
— Michael Saylor⚡️ (@saylor) December 30, 2024
Michael Saylor, founder and CEO of MicroStrategy, released his company's BTC tracker on December 29, leading to speculation about today's announcement.
For its latest BTC purchase, MicroStrategy spent approximately $97,837 per BTC. With this acquisition, MicroStrategy extended its lead as the world's largest holder of Bitcoin among publicly traded companies. It has now acquired 446,400 BTC for a total of $27.9 billion and has an average purchase price of $62,428 per bitcoin.
Overall, the company saw a BTC yield of 47.8% quarter-to-date and 74.1% year-to-date.
Despite the buying, Bitcoin price has remained negative on both daily and weekly time frames, trading at $93,114 at the time of writing. According to CoinMarketCap, BTC is down 1.8% in the last 24 hours and 2.6% in the last week.
Meanwhile, MicroStrategy stock, which has surged since the company joined the Nasdaq 100, fell 13.3 percent in premarket trading. MSTR closed at $330 on Dec. 27 but hovered around $319 by 8:30 a.m. ET on Dec. 30.
