MicroStrategy’s Recent Bitcoin Acquisition
MicroStrategy has recently expanded its Bitcoin portfolio by acquiring 2,138 BTC for approximately $209 million, which translates to an average price of $97,837 per Bitcoin. This strategic move has resulted in a Bitcoin yield of 47.8% for the current quarter and an impressive 74.1% year-to-date. As of December 30th, MicroStrategy holds a substantial total of 446,400 BTC, acquired at an average price of $62,428 per Bitcoin, amounting to a total investment of around $27.9 billion.
History of Hints Before Bitcoin Buys
Michael Saylor, the CEO of MicroStrategy, is known for dropping subtle hints about potential Bitcoin acquisitions through his social media posts. In December, the company made headlines by purchasing 5,262 BTC valued at $561 million, which followed a suggestive post on a Sunday. Such hints have often preceded significant purchases, leading to widespread speculation about future acquisitions. MicroStrategy’s role as the largest corporate holder of Bitcoin, with 442,262 BTC valued at approximately $41.4 billion, solidifies its significant presence in the cryptocurrency market. Consequently, Saylor’s posts are closely scrutinized for any indication of forthcoming activities.
Preparing for Bigger Moves
In an effort to bolster its financial strategy, MicroStrategy has recently sought shareholder approval to issue billions of new shares. The proposal, which has been filed with the SEC, aims to significantly increase the number of the company’s Class A common shares from 330 million to 10.33 billion, and its preferred shares from 5 million to 1.005 billion. These strategic measures are intended to generate additional capital to support the company’s ambitious plan of expanding its Bitcoin holdings.
Huge Milestone for MicroStrategy
In addition to its proactive financial strategies, MicroStrategy’s inclusion in the Nasdaq 100 has further cemented its status within the cryptocurrency industry. Analysts anticipate that this significant milestone will attract up to $2 billion in passive fund inflows, thereby boosting the company’s stock value and enhancing its visibility among institutional investors. Despite the volatility in the market, MicroStrategy remains steadfast in its mission to increase its Bitcoin reserves, ensuring its continued influence and leadership within the cryptocurrency space.
Frequently Asked Questions
As of December 30, 2024, MicroStrategy has accumulated a total of 446,400 bitcoins.
As of the latest updates, MicroStrategy is not a part of the S&P 500 index.
