MicroStrategy "DCA Positive" Again as it Buys $2.1 Billion More Bitcoin

Public company MicroStrategy continues to use its huge cash to buy more Bitcoin, despite its holdings being "bearing a profit" of more than $16 billion.

On the evening of December 9, 2024, software company MicroStrategy announced that in the period from December 2 to December 8, 2024, it used $2.1 billion in cash to buy an additional 21,550 Bitcoins, at an average price of $98,783 per coin.

MicroStrategy's latest Bitcoin purchase was made possible by the funds raised from previous convertible bond issuances and sales, most recently $3 billion on November 22.

MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hold 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR https://t.co/8r7bFqMFof

— Michael Saylor⚡️ (@saylor) December 9, 2024

With the addition of BTC to its portfolio, billionaire Michael Saylor's company has increased its total Bitcoin holdings to 423,650 BTC, with an average purchase price of $60,324 per BTC.

MicroStrategy's total Bitcoin portfolio is currently generating over $16 billion in profits, representing a 62.93% return on $25.6 billion in capital.

The annualized BTC yield as of December 9, 2024 is 68.7%, while the fourth quarter of 2024 is currently 43.2%

In November 2024, MicroStrategy made history by using its $12.03 billion in capital to acquire an additional 134,480 BTC. Notably, the huge amount of Bitcoin collected by billionaire Michael Saylor's company in just the first 3 weeks of November, making MicroStrategy go down in history as the company that "spent money" buying the most BTC in a month:

Starting with 27,200 Bitcoin (2 billion USD) on November 11;

Followed by 51,780 BTC (4.6 billion USD) just a week later;

Ending November with 55,500 BTC (5.4 billion USD).

By early December, the company continued to collect another 15,400 BTC (1.5 billion USD).

Bitcoin Treasuries' historical inventory of MicroStrategy's Bitcoin purchases from 2021 to 2024. Photo taken on the evening of December 9, 2024

Bitcoin prices are slightly down in the evening of December 9 after previously closing the weekly candle at a historical high above $101,000 this morning.