MicroStrategy Uses $561 Million to Buy 5,262 More BTC
The 5,262 BTC were purchased by MicroStrategy thanks to the $561 million proceeds from the sale of 1.3 million convertible bonds. The company still has 7.08 billion bonds available for sale.
On the evening of December 23, 2024, the public company MicroStrategy announced that over the past week, it used $561 million in cash to buy 5,262 more Bitcoins, at an average price of $106,662 per coin.
MicroStrategy's latest Bitcoin purchase was made thanks to the proceeds from the sale of 1.3 million convertible 
MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q
— Michael Saylor⚡️ (@saylor) December 23, 2024
Similarly, before each announcement of a Bitcoin purchase plan, billionaire Michael Saylor also posted an image of the SaylorTracker portfolio tracking tool to "hint" that this chart "appears to be missing a dot".
The orange dots on https://t.co/Bx3917zeAK are motivational. pic.twitter.com/oxtxuJLEpg
— Michael Saylor⚡️ (@saylor) December 22, 2024
By adding BTC to its portfolio, billionaire Michael Saylor's company increased its total Bitcoin holdings to 444,262 BTC, with an average purchase price of 62,257 per BTC.
The annualized BTC investment return (BTC Yield) as of December 23, 2024 is 73.7%, while the fourth quarter of 2024 is currently 47.4%
This is the 7th consecutive week that MicroStrategy has made a "positive" Bitcoin move, following 6 previous purchases starting from November 11. The total capital this company has used to buy Bitcoin is up to 17.66 billion USD to collect an additional 192,042 BTC.
- Starting with 27,200 Bitcoins ($2 billion) on November 11;
- Followed by 51,780 BTC ($4.6 billion) just a week later;
- Ending November with 55,500 BTC ($5.4 billion);
- In early December, the company continued to collect 15,400 BTC ($1.5 billion);
- In the second week of December, it announced the purchase of 21,550 BTC ($2.1 billion);
- On December 16, it used $1.5 billion to add 15,350 BTC to its reserves.
