Bitcoin

Yield

MicroStrategy, a business intelligence firm and prominent corporate Bitcoin holder, has acquired an additional 55,500 BTC for approximately $5.4 billion. 
According to an 8-K <a href="https://assets.contentstack.io/v3/assets/bltb564490bc5201f31/blt5811951b37d01852/674474c2e601915d34c3dbb7/form_8-k_11-25-2024.pdf" target="_blank" rel="noreferrer noopener nofollow">filing</a> with the SEC, the purchase was made between November 18 and November 24 at an average price of $97,862 per bitcoin. This marks the company’s largest Bitcoin acquisition to date and follows a series of significant capital-raising initiatives. 
On November 21, MicroStrategy completed a $3 billion debt offering, generating $2.97 billion in net proceeds. During the same period, it sold 5,597,849 company shares for $2.46 billion. 
The company has announced plans for a $42 billion capital raise over three years, including $21 billion in equity offerings and $21 billion in fixed-income securities, to fund future Bitcoin acquisitions. 
MicroStrategy now holds 386,700 BTC, valued at over $37 billion. The firm has spent approximately $21.9 billion on Bitcoin acquisitions, with an average price of $56,761 per BTC, including fees and expenses. 
The company measures its performance using a proprietary “Bitcoin Yield” indicator, which reflects the percentage change in Bitcoin holdings relative to its diluted shares. As of November 24, the year-to-date Bitcoin Yield is 59.3%, signaling robust growth in holdings while managing share dilution. 
MicroStrategy’s latest acquisition of 55,500 BTC for $5.4 billion follows two consecutive weeks of aggressive purchases, including <a href="https://www.cryptotimes.io/2024/11/18/microstrategy-buys-51780-btc-for-4-6-billion/" target="_blank" rel="noreferrer noopener">51,780 BTC for $4.6 billion</a> last week at an average price of $88,627 per coin and<a href="https://www.cryptotimes.io/2024/11/11/microstrategy-buys-2b-more-in-bitcoin-at-74463-per-coin/" target="_blank" rel="noreferrer noopener"> $2 billion worth of Bitcoin</a> the prior week, paying an average of $74,463 per coin.&nbsp;

MicroStrategy Buys 55,500 BTC for $5.4B, largest in history

The Crypto Times

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