MicroStrategy made a massive number of new Bitcoin purchases.

MicroStrategy continues to enhance its presence in the cryptocurrency markets. The company expanded its Bitcoin portfolio with significant purchases made between the last day of October and the first ten days of November. According to the announcement, the firm added 27,200 Bitcoins with a new investment of $2.03 billion.

MICROSTRATEGY'S BITCOIN STRATEGY SHOWS NO SIGNS OF SLOWING DOWN

With these latest purchases, the total number of Bitcoins held by the company has risen to 279,420, while the average cost per unit has reached $74,463. Thus, MicroStrategy's total investment in Bitcoin has reached $11.9 billion.

Another noteworthy point is how the company financed these large-scale cryptocurrency purchases. MicroStrategy created a total sales capacity of $21 billion through two different stock sale agreements signed on August 1 and October 30, 2024. In this context, the company generated approximately $2.03 billion by selling 7,854,647 shares and utilized this resource directly for Bitcoin purchases.

The company achieved a value of 26.4% in its 'BTC Yield' indicator, which it uses to measure investment performance, in 2024. This rate stands out as an important data point showing how Bitcoin assets have increased relative to the number of shares.

MicroStrategy officials use such indicators to explain the rationale behind their strategies for purchasing Bitcoin through stock and convertible financial instruments to their investors. While the BTC Yield indicator does not directly affect stock valuation, it plays a key role in measuring the impact of the company's investment strategies on shareholder value.