2024

Bitcoin

when

Yield

<p>Nasdaq-listed software firm MicroStrategy (MSTR), the largest corporate holder of bitcoin (BTC), has added another 18,300 BTC to its holdings for approximately $1.11 billion, according to a recent announcement from Executive Chairman Michael Saylor.</p> 
<p>As of September 12, 2024, the company now holds a total of 244,800 bitcoins, acquired for roughly $9.45 billion at an average price of $38,585 per BTC.</p> 
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   <p lang="en" dir="ltr">MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> acquired for ~$9.45 billion at ~$38,585 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> <a href="https://t.co/WBBRSKxA1U">https://t.co/WBBRSKxA1U</a></p>— Michael Saylor
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1834564555944481227?ref_src=twsrc%5Etfw">September 13, 2024</a>
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<h2 class="wp-block-heading" id="h-17-ytd-return-on-bitcoin-strategy"><strong>17% YTD Return on Bitcoin Strategy</strong></h2> 
<p>This latest purchase comes after the firm reported a 17% year-to-date (YTD) return on its Bitcoin holdings, further validating its aggressive Bitcoin acquisition strategy. The 18,300 BTC purchase follows a series of previous acquisitions, with the company continuing to view Bitcoin as a core component of its treasury.</p> 
<p>MicroStrategy has consistently funded its Bitcoin purchases through various methods, including debt issuance. Its previous major acquisition came after an $800 million convertible note offering to institutional investors. </p> 
<p>This move echoes the company’s strategy from earlier this year when it raised $700 million for a similar BTC purchase.</p> 
<h2 class="wp-block-heading" id="h-microstrategy-s-influence-on-the-bitcoin-market"><strong>MicroStrategy’s Influence on the Bitcoin Market</strong></h2> 
<p>Since starting its Bitcoin acquisition in 2020, MicroStrategy has led the charge in advocating for the adoption of Bitcoin as a reserve asset for corporate treasuries.</p> 
<p>Despite some <a href="https://www.thecoinrepublic.com/2024/08/13/asias-microstrategy-metaplanet-scoops-more-bitcoin-assessing-market-impact/">companies like Metaplanet</a> adding modest amounts of Bitcoin to their balance sheets, MicroStrategy remains one of the most significant players in this space, with nearly 1.2% of the total Bitcoin supply.</p> 
<p>As of August 10, MicroStrategy held 226,500 BTC in reserves, valued at $13.77 billion, with an average acquisition price of $37,000 per BTC. At that time, Bitcoin was trading around $60,500, giving the company $5.39 billion in unrealized gains. </p> 
<p>Since starting its Bitcoin buying spree in August 2020, MicroStrategy’s strategy has significantly outperformed the S&amp;P 500 (SPX). <a href="https://www.thecoinrepublic.com/2024/08/03/saylor-best-strategy-is-a-bitcoin-strategy-microstrategy-stocks-up-1206/">MicroStrategy’s stock (MSTR)</a> surged over tenfold since then, delivering returns more than 16 times higher than the SPX during the same period.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/09/14/microstrategy-acquires-1-11b-in-btc-yields-17-ytd/">MicroStrategy Acquires $1.11B in BTC, Yields 17% YTD</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

MicroStrategy Acquires $1.11B in BTC, Yields 17% YTD

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