Bitcoin

Read

Billion

<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>MicroStrategy Bitcoin purchases resume for $2.1 billion between December 2 and December 8, 2024.</em></li>  
 <li><em>The company’s Bitcoin portfolio has generated over $16 billion in profits, reflecting a 64.1% return on investment.</em></li> 
</ul>  
<h5 class="wp-block-heading">Publicly traded business intelligence firm MicroStrategy has reaffirmed its commitment to Bitcoin with a massive new purchase despite already generating over $16 billion in profits from its cryptocurrency holdings.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On-Black-2-1.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On-Black-2-1-1024x576.jpg" alt="MicroStrategy Bitcoin Purchase Expands Again With $2.1 Billion" class="wp-image-296087"></a>
 <figcaption class="wp-element-caption">
 </figcaption>
</figure>  
<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/292402-gary-gensler-resignation-likely-before-trump/" target="_blank" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/206589-amazons-managed-blockchain-makes-blockchain/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/293715-digital-asset-investment-products-largest-weekly/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/284144-bitfarms-riot-settlement-passed/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295166-microstrategy-bitcoin-investment-yields/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy Bitcoin Investment Yields Over 38% in November</a></p>  
<h2 class="wp-block-heading" id="new-microstrategy-bitcoin-purchase-continues-at-98-783">New MicroStrategy Bitcoin Purchase Continues At $98,783</h2>  
<p>On December 9, 2024, the company announced that it had bought an additional 21,550 Bitcoins between December 2 and December 8. This additional MicroStrategy Bitcoin purchase was at an average price of $98,783 per Bitcoin and cost $2.1 billion. This investment has been made possible by the successful sale of $3 billion in convertible bonds, concluded on November 22, as part of an ongoing capital-raising initiative.</p>  
<p>The co-founder and executive chairman of MicroStrategy, <a href="https://coincu.com/284434-bitcoin-is-the-ultimate-asset-for-businesses/" target="_blank" rel="noopener noreferrer nofollow">Michael Saylor</a>, disclosed that the total Bitcoin holdings of his firm have accumulated at an average price per coin of $60,324, which means it has spent about $25.6 billion, including fees and expenses, to create its giant portfolio.</p>  
<h2 class="wp-block-heading" id="microstrategy-moves-forward-with-42-billion-capital-raising-plan">MicroStrategy Moves Forward with $42 Billion Capital-Raising Plan</h2>  
<p>MicroStrategy Bitcoin purchase has been funded through a combination of different debt and <a href="https://coincu.com/295295-7-billion-microstrategy-convertible-notes/" target="_blank" rel="noopener noreferrer nofollow">equity offerings</a> in which this company holds a total of $9 billion in shares to be sold within the scope of this very ambitious $42 billion plan undertaking over the next three years, split equally between equity and fixed-income securities.</p>  
<p>Currently, the value of MicroStrategy's Bitcoin investment <a href="https://saylortracker.com/" target="_blank" rel="noopener noreferrer nofollow">stands</a> at approximately 64.1% on the $25.6 billion reserve. <a href="https://coincu.com/295972-amazon-bitcoin-investment-plan/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a> also raised its Bitcoin Yield, which roughly measures the percentage increase in Bitcoin holdings relative to the diluted shares it captures, from 68.7% year-over-year to date.</p>  
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color has-fixed-layout">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow"> this website</a> is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>  <a href="https://coincu.com/?p=296064" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

MicroStrategy Bitcoin Purchase Expands Again With $2.1 Billion

Table of Contents

Coincu

Other articles published on Dec 9, 2024

How to use crypto correlation for better risk management

XT Exchange Suspends Withdrawals After $1.7M Hack

Qubetics Eyes the Spotlight as Algorand Pushes NFT Adoption and Hedera Grows Its Enterprise Use C...

Qubetics Redefines Asset Management With $TICS as Binance Expands Ecosystems and SEI Drives DeFi ...

Regret Not Investing in Crypto Early? This ICO Might Be the Second Chance You’ve Been Waiting For

Bitcoin hits $100k, altcoin season next: BEST, SUI, WIF set for breakout

Join our free newsletter for daily crypto updates!