MicroStrategy Continues to Buy 51,780 Bitcoins for $4.6 Billion

With the latest $4.6 billion purchase of 51,780 Bitcoins, MicroStrategy now holds a total of 331,200 BTC and has a “profit” of more than $13 billion.

After announcing the use of $2.03 billion in cash to buy 27,200 Bitcoins on November 11, the software company MicroStrategy recently announced that it has continued to use $4.6 billion to buy another 51,780 BTCs at an average price of about $88,627 per coin.

MicroStrategy’s latest Bitcoin purchases were made by selling 13.6 million issued Class A common shares on the market, with the “dumping” phase lasting six days that ended this past Sunday. The company said it still has about $15.3 billion worth of shares it can sell under the current program.

MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per #bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD. As of 11/17/2024, we hold 331,200 $BTC acquired for ~$16.5 billion at ~$49,874 per bitcoin. $MSTR https://t.co/SRRtRrB2jO

— Michael Saylor⚡️ (@saylor) November 18, 2024

With the latest addition, billionaire Michael Saylor's company has increased its total Bitcoin holdings to 331,200, with an average purchase price of $49,874 per BTC, representing a 31.31% increase in holdings from the 252,220 BTC recorded at the end of October.

MicroStrategy's total Bitcoin portfolio is now recording a profit of more than $13.28 billion, equivalent to a return of 80.37% on a capital of $16.5 billion.

The company’s BTC Yield Index, which the company calculates as a percentage of its BTC investment, is now 41.8% in 2024, a fourfold increase from the Q2 report.

However, MicroStrategy’s total Bitcoin holdings and profits will continue to grow over the next three years, as it recently announced its “21/21 Plan,” which plans to raise $42 billion over the next three years, split between equity and fixed-income debt. The proceeds will continue to fund the company’s Bitcoin buying strategy.