Bitcoin

MicroStrategy has announced a significant <a href="https://optimisus.com/news/crypto-news/nearly-4-billion-in-bitcoin-and-ethereum-options-expire/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> acquisition, purchasing 51,780 BTC between November 11 and November 17, 2024. This move highlights the company’s steadfast commitment to its Bitcoin-focused strategy, championed by Executive Chairman Michael Saylor.The purchase was funded through MicroStrategy’s At-the-Market (ATM) program, which involves issuing and selling shares to raise capital.To date, the company has utilized $5.7 billion of the program’s $21 billion total, leaving $15.3 billion available. If the current pace continues, MicroStrategy could fully leverage the program by the end of the year.With this latest acquisition, MicroStrategy’s total <a href="https://optimisus.com/news/crypto-news/pennsylvania-lawmakers-propose-a-bill-to-allow-state-investments-in-bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> holdings now stand at 331,200 BTC, representing approximately 1.58% of Bitcoin’s total supply. This positions the company as one of the largest institutional Bitcoin holders, underscoring its belief in the cryptocurrency as a strategic reserve asset.The company reported a 20.4% Bitcoin yield from October 1 to November 17, and an impressive year-to-date yield of 41.8%, reflecting the growing value of its holdings.MicroStrategy’s approach, which involves using equity sales to fund Bitcoin purchases, remains unique among publicly traded firms, further solidifying its role as a pioneer in institutional Bitcoin adoption.As MicroStrategy continues its aggressive accumulation strategy, its actions signal strong institutional confidence in Bitcoin. This bold approach not only reinforces its belief in Bitcoin as a store of value and hedge against market volatility but also influences broader market sentiment and investor confidence in digital assets.

Key details from MicroStrategy’s recent Bitcoin acquisition

Optimisus

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