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MicroStrategy made a new Bitcoin purchase worth billions of dollars.

MicroStrategy made a new Bitcoin purchase worth billions of dollars.

02.12.2024 18:50

MicroStrategy spent $1.5 billion to purchase 15,400 Bitcoin, financing this acquisition through stock sales. This significant investment may increase the company's cryptocurrency holdings and could lead to new activity in the markets.

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Recently, MicroStrategy, one of the most active companies in the cryptocurrency market, announced that it has made an additional Bitcoin purchase worth $1.5 billion. With this significant investment, the company continues to strengthen its Bitcoin portfolio while standing out with its bold moves in the financial world.

MicroStrategy's Total Bitcoin Holdings Reached 402,100

The corporate technology company MicroStrategy has made a new investment move that has made waves in the cryptocurrency market. According to the company's latest report, between November 25 and December 1, 15,400 Bitcoins were purchased at an average price of $95,976, resulting in a total investment of $1.5 billion.

In an official notification to the SEC, it was stated that the company generated $1.48 billion from the sale of 3.7 million Class A common shares on December 2, and this source was utilized for Bitcoin purchases.

MicroStrategy's Bitcoin investments did not stop there. Just a week ago, the company made a remarkable move by purchasing 55,000 Bitcoins at a price of $97,862 each between November 18 and 24. This $5.4 billion investment was financed through proceeds from zero-interest convertible senior notes and stock sales.

In light of current data, as of December 1, the total amount of Bitcoin held by MicroStrategy and its subsidiaries reached 402,100. The average cost per Bitcoin for the company is $58,263, while the total investment value has risen to $38.4 billion under current market conditions. This figure indicates a 64% increase in the value of the company's investment.

Michael Saylor, the Chairman of MicroStrategy's Board of Directors, emphasizes the importance of Bitcoin investments and suggests similar strategies to technology giants. In a presentation to Microsoft, Saylor stated that the company's Bitcoin investment could increase its market value by approximately $5 trillion. Additionally, Saylor argued that converting Microsoft's financial transactions to Bitcoin could significantly raise its stock value and reduce investor risks. According to Saylor, this strategy offers a potential increase of $584 in Microsoft's stock price over the next decade.



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