MicroStrategy Continues to Use $1.5 Billion to Buy More Bitcoin

Software company MicroStrategy's "positive DCA" campaign for Bitcoin shows no signs of stopping as they continue to use $1.5 billion to buy another 15,400 BTC.
On the evening of December 2, 2024, software company MicroStrategy announced that between November 25 and December 1, 2024, it used $1.5 billion in cash to buy another 15,400 Bitcoins at an average price of $95,976 per coin.

MicroStrategy's latest Bitcoin purchases were made thanks to the funds raised from previous convertible bond issuances and sales, the most recent being $3 billion on November 22.
MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hold 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0

— Michael Saylor⚡️ (@saylor) December 2, 2024

With the addition of 15,400 BTC to its portfolio, billionaire Michael Saylor's company raises its total Bitcoin holdings to 402,100, with an average purchase price of $58,263 per BTC.
MicroStrategy's total Bitcoin portfolio is now generating over $15 billion in profits, representing a roughly 64% return on $23.4 billion in capital

The annualized BTC yield as of December 2, 2024 is 63.3%, while the fourth quarter of 2024 is currently 38.7%
Previously, MicroStrategy had conducted a positive Bitcoin "DCA" for three consecutive weeks in November 2024, making this period the company's largest BTC purchase history with a total capital of $12.03 billion to collect an additional 134,480 BTC. Starting with 27,200 Bitcoin on November 11, followed by 51,780 BTC just a week later, and ending the month with 55,500 BTC.