MicroStrategy Expands Bitcoin Holdings Acquiring 1,070 BTC

Bitcoin Michael Saylor MicroStrategy
The firm reports it has achieved BTC yield of 48.0% in the fourth quarter of 2024 and 74.3% in the full year 2024.
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Journalist
Tanzeel AkhtarVerified
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Feb 2018
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Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...

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MicroStrategy Incorporated (Nasdaq: MSTR), a business intelligence software company, has continued its active Bitcoin acquisition strategy, acquiring 1,070 BTC for $101 million at $94,004 per bitcoin.

In a filing the firm states it has achieved BTC yield of 48.0% in the fourth quarter of 2024 and 74.3% in the full year 2024. As of January 5, the firm holds 447,470 BTC acquired for $27.97 billion at $62,503 per bitcoin.

MicroStrategy Plans Additional $2B Stock Offering

On January 3, MicroStrategy, announced plans to raise another $2 billion through a perpetual preferred stock offering. The funds are intended to strengthen its balance sheet and further expand its Bitcoin holdings, aligning with the company’s ambitious “21/21” plan.

The new offering is separate from MicroStrategy’s existing strategy to raise $21 billion in equity and $21 billion in fixed-income instruments, the Bitcoin-stacking business intelligence firm explained.

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