Summary: MicroStrategy just bought an outrageous amount of Bitcoin and has positioned itself as the top of the top corporate Bitcoin holder with a historic and monumental purchase of 55,500 BTC for $5.4 billion. This purchase made possible by a mix of debt offerings and equity sales, making this purchase the company’s largest and greatest Bitcoin investment yet.
Record-Breaking Bitcoin Purchase
MicroStrategy bought an astonishing amount of 55,500 BC at an average price of $97,862 per coin in a span of just a week starting from November 18 and November 24. This is by far the largest acquisition of the company making its total holdings to 386,700 BTC. That amount of BTC is valued at over $37 billion.
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Funding Through Capital Initiatives
This purchase was only made possible by significant capital raising efforts as already briefly explained in the summary section above. The efforts include a $3 billion debt offerings and $2.46 billion from equity sales. However this wasn’t done without any plan as MicroStrategy has outlined a $42 billion capital plan over three years to support further Bitcoin acquisitions.
Strategic Performance Metrics
MicroStrategy uses a proprietary “Bitcoin Yield” indicator to measure performance. As of November 24, its year-to-date Bitcoin Yield stands at 59.3%, showcasing strong growth while managing share dilution.
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