2024

Bitcoin

Yield

Bold

MicroStrategy, the business intelligence firm led by Michael Saylor,&nbsp;<a style="text-decoration:none" href="https://www.microstrategy.com/press/microstrategy-acquires-18300-btc-achieves-btc-yield-of-4-qtd-17-ytd-now-holds-244800-btc" rel="noopener noreferrer nofollow">announced</a> its largest Bitcoin acquisition in over three years. The company announced to purchase another 18,300 Bitcoin, worth around $1.11 billion on Sept. 13, raising its total Bitcoin holdings to 244,800 BTC.&nbsp;
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 MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> acquired for ~$9.45 billion at ~$38,585 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSTR</a> <a href="https://t.co/WBBRSKxA1U" rel="noopener noreferrer nofollow">https://t.co/WBBRSKxA1U</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1834564555944481227?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 13, 2024</a>
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This makes MicroStrategy as one of the largest institutional holders of Bitcoin worldwide.
<h2 id="span-span-a-strategic-bitcoin-acquisition-span-span">A Strategic Bitcoin Acquisition</h2>
MicroStrategy revealed in a statement that it acquired these new bitcoins between August 6 and September 12, 2024. The purchase was made using proceeds from the sale of company shares, at an average price of $60,408 per Bitcoin.&nbsp;
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This approach has allowed MicroStrategy to raise substantial capital without relying on traditional debt financing. The company also&nbsp;<a style="text-decoration:none" href="https://www.microstrategy.com/press/microstrategy-announces-10-for-1-stock-split_07-11-2024" rel="noopener noreferrer nofollow">conducted a 10-for-1 stock split</a> in August 2024 to make its shares more accessible to a broader group of investors and employees.
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The recent purchase brings the company’s total Bitcoin investment to approximately $9.45 billion, at an average purchase price of $38,585 per Bitcoin.
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With this latest acquisition, MicroStrategy’s Bitcoin holdings are now valued at around $14 billion at current market prices, which average $58,000 per BTC.
<h2 id="span-span-microstrategy-s-bold-bitcoin-strategy-span-span">MicroStrategy’s Bold Bitcoin Strategy</h2>
MicroStrategy began its journey into Bitcoin in 2020 as part of its capital allocation strategy. Michael Saylor has consistently promoted Bitcoin as a hedge against inflation and a superior store of value compared to traditional fiat currencies. Since then, the company has steadily accumulated Bitcoin, becoming a key player in the cryptocurrency space.
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The&nbsp;<a style="text-decoration:none" href="https://finance.yahoo.com/quote/MSTR/" rel="noopener noreferrer nofollow">company’s shares</a> have more than doubled in value this year, outperforming Bitcoin, which has seen a 40% increase in price over the same period.&nbsp;
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The recent acquisition strengthens MicroStrategy's leadership in the Bitcoin market.&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/how-much-bitcoin-does-tesla-hold?bmvxdgfwy14141%2F=" rel="noopener noreferrer nofollow">Tesla</a>, another major firm holding Bitcoin, and a few crypto-focused companies, are among the limited number of publicly traded firms following a similar strategy.
<h2 id="span-span-microstrategy-s-place-in-the-bitcoin-ecosystem-span-span">MicroStrategy’s Place in the Bitcoin Ecosystem</h2>
With 244,800 Bitcoin in its treasury, MicroStrategy now holds more than 1% of all Bitcoin ever issued.&nbsp;
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BlackRock’s iShares Bitcoin Trust, with around $20 billion in assets, remains the world’s largest Bitcoin fund. However, MicroStrategy's $14 billion Bitcoin portfolio is now one of the largest holdings among non-fund entities.
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Besides its substantial Bitcoin holdings, MicroStrategy has developed a metric called BTC yield to track the percentage change in its Bitcoin holdings to its diluted shares over a given period. Saylor announced that the company achieved a 4.4% BTC yield for the quarter and a 17% year-to-date yield.&nbsp;

MicroStrategy Buys Another $1.11B in Bitcoin, Reaches 244,800 BTC Holdings

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