Highlights of MicroStrategy's Bitcoin Purchases
Key details from MicroStrategy’s recent Bitcoin acquisition: 51,780 BTC added, total holdings at 331,200 BTC, and $15.3B left in their ATM program.
MicroStrategy has announced its latest Bitcoin (BTC) acquisition, revealing that the company purchased 51,780 BTC between November 11 and November 17, 2024. This substantial purchase highlights the company’s ongoing commitment to its Bitcoin strategy, which has been spearheaded by Executive Chairman Michael Saylor.
The funds for these acquisitions were sourced from the company's At-the-Market (ATM) program, which involves issuing and selling shares to raise capital. So far, MicroStrategy has utilized approximately $5.7 billion of its $21 billion ATM program, leaving $15.3 billion available. At this pace, the company could potentially exhaust the program by the end of the year if they maintain their current purchasing trend.
This latest purchase brings MicroStrategy’s total Bitcoin holdings to 331,200 BTC, equivalent to approximately 1.58% of the total Bitcoin supply. This significant accumulation underscores their long-term belief in Bitcoin as a strategic reserve asset.
From October 1 to November 17, the company reported a Bitcoin yield of 20.4%, reflecting the growing value of their holdings during this period. Year-to-date, their Bitcoin yield stands at an impressive 41.8%, solidifying their position as one of the most prominent institutional Bitcoin holders.
MicroStrategy’s strategy of leveraging equity sales to fund Bitcoin purchases remains unique among publicly traded companies, further cementing its reputation as a pioneer in this space. Under Michael Saylor’s leadership, the company has consistently demonstrated confidence in Bitcoin’s potential as a store of value and a hedge against traditional market volatility.
As they continue to deploy capital through the ATM program, it will be interesting to see how their approach evolves and how it impacts the broader crypto market. MicroStrategy’s moves often signal strong institutional interest in Bitcoin, influencing market sentiment and investor confidence.
Their bold approach aligns with their long-standing belief in Bitcoin’s potential, and this recent announcement serves as another example of their unwavering commitment to their digital asset strategy.
