2024

Bitcoin

Yield

<p>Not a week goes by without MicroStrategy making headlines with its wild Bitcoin purchases. While the leading crypto is soaring to new heights, some wonder why Michael Saylor and his team are not selling to take profits. However, their strategy seems clear: accumulate at all costs, no matter the price. Today, with a record acquisition of 55,000 BTC, MicroStrategy makes another significant impact.</p> 
<h2 id="h-microstrategy-386-700-bitcoins-et-une-ambition-sans-limites">MicroStrategy: 386,700 bitcoins and an ambition without limits</h2> 
<p>MicroStrategy, already famous for its insatiable appetite for Bitcoin that will allow it to <a href="https://www.cointribune.com/en/microstrategy-will-be-worth-trillions/" target="_blank" rel="noreferrer noopener">be valued in trillions</a> one day, <strong>added 55,000 BTC</strong> to its portfolio between November 18 and 24, spending the sum of <strong>5.4 billion dollars</strong>.</p>
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<p>Each BTC cost them <strong>approximately 97,862 dollars</strong>, an astronomical sum that reflects <strong>overwhelming optimism</strong> about the future of the leading crypto.</p> 
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     <p lang="en" dir="ltr">MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. As of 11/24/2024, we hodl 386,700 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> acquired for ~$21.9 billion at ~$56,761 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> <a href="https://t.co/79ExzXk4UM">https://t.co/79ExzXk4UM</a></p>— Michael Saylor
     <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1861033309934862601?ref_src=twsrc%5Etfw">November 25, 2024</a>
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<p>With <a href="https://www.streetinsider.com/SEC+Filings/Form+8-K+MICROSTRATEGY+Inc+For%3A+Nov+25/24026365.html" target="_blank" rel="noreferrer noopener">this acquisition</a>, the company now holds <strong>386,700 BTC</strong>, purchased for a total of <strong>21.9 billion dollars</strong>, which means <strong>an average price of 56,761 dollars per unit</strong>. But how to finance such purchases? Thanks to impressive financial engineering:</p> 
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 <li><strong>A raise of 2.97 billion through 0% interest convertible bonds;</strong></li> 
 <li><strong>2.46 billion generated from a stock sale program;</strong></li> 
 <li><strong>A remaining capacity of 12.8 billion for future purchases.</strong></li> 
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<p>Michael Saylor rejoices in this “<strong><em>Bitcoin yield </em></strong>” (BTC Yield) of 59.3% in 2024. The businessman sees each BTC acquired as <strong>a colossal growth lever</strong>, making his company a unique model in the history of finance.</p> 
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<h2 id="h-les-investisseurs-crypto-face-a-un-modele-deroutant">Crypto investors face a confusing model</h2> 
<p>This bold strategy fascinates as much as it intrigues crypto investors. By making a <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noreferrer noopener">purchase of bitcoin</a> at such a high price, MicroStrategy sends <strong>a strong signal</strong>: Bitcoin remains a valuable asset, even near its historical peaks. Moreover, the company does not hide its goals: it wants to <strong>maximize shareholder value</strong> by turning BTC into a central pillar of its financial strategy.</p> 
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   Table of MicroStrategy’s 8-K form detailing its total holdings in BTC from December 2023 to November 24. Source: MicroStrategy
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<p><strong>The success of MicroStrategy is already inspiring other companies</strong>. Semler Scientific, for instance, recently bought 297 BTC for 29.1 million dollars, bringing its total to 1,570 BTC. For these firms, <strong>the leading crypto becomes a real war chest</strong>. However, the gamble remains risky: the volatility of the crypto market could turn these assets into a ticking time bomb.</p>  
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script> 
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<p>In summary, MicroStrategy is building an empire on Bitcoin, with <a href="https://www.cointribune.com/en/bitcoin-and-a-trillion-a-bold-plan-is-taking-shape/" target="_blank" rel="noreferrer noopener">a bold plan</a> that could revolutionize finance. While some dream of a valuation at 3 trillion dollars, the path remains fraught with challenges. One thing is certain: Michael Saylor’s boldness does not go unnoticed.</p>

MicroStrategy Buys More Bitcoins: A Crazy Bet Of $5.4 Billion!

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