2024

Bitcoin

Yield

Michael Saylor’s MicroStrategy&nbsp;<a style="text-decoration:none" href="https://www.microstrategy.com/press/microstrategy-acquires-51780-btc-and-achieves-btc-yield-of-20-qtd-and-41-ytd-now-holds-331200-btc">acquired 51,780 bitcoins</a> between November 11 and November 17, 2024, for a total of $4.6 billion. This marks one of the most significant single-week purchases of Bitcoin ever recorded.
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 MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> and has achieved BTC Yield of 20.4% QTD and 41.8% YTD. As of 11/17/2024, we hodl 331,200 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> acquired for ~$16.5 billion at ~$49,874 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> <a href="https://t.co/SRRtRrB2jO">https://t.co/SRRtRrB2jO</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1858496146026467378?ref_src=twsrc%5Etfw">November 18, 2024</a>
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According to a company announcement, the 51,780 BTC were purchased at an average price of $88,627 per bitcoin, including fees and expenses. The purchase was funded through the issuance and sale of MicroStrategy’s Class A common stock under an At-the-Market (ATM) Sales Agreement.
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With this latest acquisition, MicroStrategy's total Bitcoin holdings have reached 331,200 BTC. The company has invested a cumulative $16.5 billion at an average purchase price of approximately $49,874 per Bitcoin, inclusive of fees.
<h2 dir="ltr" id="span-span-breaking-down-the-atm-sales-agreement-span-span">Breaking Down the ATM Sales Agreement</h2>
MicroStrategy’s ability to fund such large purchases stems from its ATM Sales Agreement, signed on October 30, 2024. This agreement allows the company to issue and sell shares worth up to $21 billion through multiple sales agents, including major players like TD Securities and Barclays Capital.
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Between November 11 and November 17, MicroStrategy issued 13.6 million shares, generating $4.6 billion in net proceeds. Even after this massive sale, the company still has $15.3 billion in remaining capacity under the agreement, suggesting that future Bitcoin purchases could follow.
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The latest acquisition follows another substantial purchase announced just a week prior. Between October 31 and November 10, 2024, MicroStrategy&nbsp;<a style="text-decoration:none" href="https://www.microstrategy.com/press/microstrategy-announces-btc-atm-activity-raised-2-billion-purchased-27200-btc-now-holds-279420-btc-with-btc-yield-of-26-ytd">acquired 27,200 bitcoins</a> for $2.03 billion, at an average price of $74,463 per Bitcoin.
<h2 dir="ltr" id="span-span-microstrategy-s-bitcoin-bet-span-span">MicroStrategy’s Bitcoin Bet</h2>
MicroStrategy’s massive Bitcoin holdings coincide with its long-term vision. Michael Saylor, the company's founder and executive chairman, has been an outspoken advocate of Bitcoin as a store of value and inflation hedge.
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This latest step strengthens MicroStrategy’s position as the largest corporate holder of Bitcoin by a significant margin. The company’s holdings now account for roughly 1.5% of Bitcoin’s total supply.
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MicroStrategy's purchase comes at a time when Bitcoin is trading near its all-time high. Following the news of acquisition on Nov. 11, Bitcoin's price&nbsp;<a style="text-decoration:none" href="https://coinmarketcap.com/currencies/bitcoin/">surged over $93,000</a>, marking its highest level since November 2021.&nbsp;

Michael Saylor’s MicroStrategy Expands its Bitcoin Reserves to 331,000 With Latest Acquisition

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