On December 23, 2024, MicroStrategy announced that it had purchased a total of 5,262 Bitcoin between December 16 and December 22. The company disclosed that it spent approximately $561 million on these acquisitions, with an average price of $106,662 per Bitcoin. This figure includes all associated costs and fees.
The company funded this Bitcoin purchase through a Sales Agreement executed on October 30, 2024. Between December 16 and December 22, MicroStrategy sold a total of 1,317,841 shares of its Class A common stock, generating approximately $561 million in net proceeds. As of December 22, the company stated it retains the right to sell an additional $7.08 billion worth of shares under this agreement.
With this latest acquisition, MicroStrategy and its subsidiaries’ total Bitcoin holdings have reached 444,262 BTC. The company reported a total expenditure of approximately $27.7 billion on these purchases, with an average cost of $62,257 per Bitcoin.
Through these acquisitions, MicroStrategy has solidified its position as the largest institutional Bitcoin investor in the crypto market. The company’s Bitcoin strategy reflects its strong belief in the long-term value of digital assets as a store of value.
