insidebitcoins.com
Michael Saylor’s MicroStrategy added another 1,070 Bitcoin to its holdings, spending around $101 million at an average price of a little over $94k per BTC.
The purchases by the business intelligence company and the biggest corporate owner of BTC were made between December 30 and 31, was disclosed in an 8-K filing with the Securities and Exchange Commission on Monday.
MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M
— Michael Saylor⚡️ (@saylor) January 6, 2025
The acquisition followed closely after the sale of additional 319,586 MicroStrategy shares, which occurred at the same time and brought the same amount. The firm reported that around $6.77 billion worth of shares stayed available for sale as of January 5.
This is part of the company’s proposed $21 billion equity offering and $21 billion in fixed-income securities funding, aiming for a total of $42 billion for additional Bitcoin purchases. Last week, MicroStrategy expanded its 21/21 plan, revealing a possible $2 billion preferred stock offering.
Currently owning 447,470 Bitcoin, worth over $44 billion, MicroStrategy is the largest corporate holder of BTC. To provide context, MicroStrategy currently holds approximately 2.1% of Bitcoin’s total 21 million supply.
The firm acquired Bitcoin at an average price of $62,503 per Bitcoin, resulting in a total investment of approximately $27.97 billion. Michael Saylor, MicroStrategy’s co-founder and executive chairman, marked Bitcoin’s recent $100,000 milestone with a festive celebration at his Miami home on New Year’s Eve.
MicroStrategy’s last statement marks the ninth consecutive week it bought Bitcoin. Last Monday, the firm added another 2,138 BTC for approximately $209 million in cash. The average estimated price per coin, including fees and expenses, was $97,837. Additionally, the week before, MicroStrategy acquired $561 million worth of Bitcoin.
In just the past nine weeks, the firm accumulated over $18 billion in Bitcoin, with its $83 billion billion market cap trading at a substantial premium to its Bitcoin net asset value. However, some investors are cautious about the company’s premium to NAV valuation and its approach to acquiring Bitcoin through equity and debt funding.
Bernstein Sees More Corporate Treasury Growth This Year
Analysts at Bernstein predict continued growth in the company’s corporate treasury adoption in 2025. They also expect inflows exceeding $50 billion this year, compared to $24 billion in the previous year.
According to the analysts, MicroStrategy, which represented around 90% of corporate acquisitions in 2024, is expected to continue driving demand. Additionally, Bitcoin miners are scaling up their capital plans, while small and mid-cap corporates are looking to follow Michael Saylor’s approach.
“Given MicroStrategy’s 4 year track record and its rising profile (including Nasdaq 100 inclusion), we expect capital markets flywheel to further accelerate,” Bernstein digital assets lead Gautam Chhugani said to clients on Monday.
MicroStrategy uses a key performance indicator known as “Bitcoin Yield” to assess the percentage change in its Bitcoin holdings relative to its diluted shares. In 2024, MicroStrategy’s Bitcoin Yield reached 74.3%. This indicates substantial growth in holdings that manage share dilution as part of their strategy to acquire Bitcoin and enhance shareholder value.
On Friday, MicroStrategy shares closed 13.2% higher at $339.66, marking a gain of over 431% during the past year, according to TradingView. Additionally, the stock rose by 3.7% in pre-market trading on Monday.
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