Tanahub.com — Technology company MicroStrategy has once again acquired 15,350 BTC worth $1.5 billion at an average price of $100,386 per coin. This purchase was reported to the U.S. Securities and Exchange Commission (SEC) on December 16.
The entity founded by Michael Saylor has conducted 16 Bitcoin purchases throughout 2024. Data from Bitcoin Treasuries indicates that MicroStrategy has added a total of 249,850 BTC this year.
The latest purchase on December 16 marks six consecutive weeks of MicroStrategy increasing its Bitcoin holdings.
With this addition, MicroStrategy now holds a total of 439,000 Bitcoins, representing more than 2% of the global Bitcoin supply. The company’s cumulative investment in Bitcoin has reached $27.1 billion, at an average price of $61,725 per Bitcoin.
At the current market price, exceeding $104,000 per coin, the value of these holdings has surged to over $73.68 billion.
MicroStrategy Executive Chairman Michael Saylor frequently highlights how Bitcoin’s strong performance in recent months has significantly benefited his company. MicroStrategy’s Bitcoin return (investment yield) stands at 46.4% for the quarter and 72.4% for the year.
MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR https://t.co/SaWLNBVkrl
— Michael Saylor⚡️ (@saylor) December 16, 2024
On December 14, Nasdaq announced that MicroStrategy shares will be included in the Nasdaq-100 Index, which tracks the performance of the 100 largest non-financial companies listed on the Nasdaq exchange.
MicroStrategy is expected to join this index before the market opens on December 23. The announcement pushed the company’s stock price up 4% in pre-market trading, reaching $425 per share.
