Key Takeaways
- MicroStrategi bought 1,070 bitcoins for $101 million, bringing its total holdings to 447,470 BTC.
- The company’s Bitcoin return reached 74% in 2024.
MicroStrategi said on Monday that it bought 1,070 bitcoins for $101 million between December 30 and 31, 2024, bringing its total holdings to 447,470 BTC, worth about $44.3 billion at current market prices.
MicroStrategi bought 1,070 BTC for ~$101M at a price of ~$94,004/bit and achieved a BTC return of 48.0% in Q4 2024 and 74.3% in FY2024. As of 05/01/2025, we have 47047 ,447 $BTC bought for ~$27.97 billion at ~$62.503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M
— Michael Sailor⚡ (@sailor) January 6, 2025
According to a recent SEC submissionThe Tysons, Virginia-based company funded its latest purchase by selling f 319,586 shares during the same period. He bought the digital asset at an average price of $94,004 per BTC. MicroStrategi also reported that Bitcoin’s return reached 74.3% in 2024, with a metric of 48% for the period from October 1st to December 31st.
The announcement came after Michael Sailor, co-founder and executive chairman of MicroStrategi, teased the purchase on January 5, citing lines on Sailor Tracker, the company’s Bitcoin acquisition tracking tool.
Something about that https://t.co/Bk3917zMki not quite right. pic.twitter.com/vRTAH2kTCKS
— Michael Sailor⚡ (@sailor) January 5, 2025
Last Friday, MicroStrategi announced plans to raise up to $2 billion through public offerings of perpetual preferred stock to strengthen its balance sheet and finance additional bitcoin purchases. The offering is aimed at its “21/21 Plan,” which aims to raise $21 billion in equity and $21 billion in fixed-income instruments over three years.
The company filed with the SEC on Dec. 23 to increase its authorized Class A common stock from 330 million to 10.33 billion shares and its preferred stock from 5 million to more than 1 billion shares, seeking more flexibility for future stock issuance.
The latest purchase marks MicroStrategy’s ninth consecutive week of bitcoin acquisitions since Oct. 31, when the company first announced its “21/21 plan.” The Sailor-led firm has bought 195,250 BTC since the launch of the plan, which represents about 45% of its investment goal. At current market prices, these funds are valued at $19.3 billion.
