MicroStrategy acquires 15,350 BTC ahead of Nasdaq-100 listing

Key Takeaways

MicroStrategy continues its Bitcoin accumulation, announcing today a $1.5 billion purchase of 15,350 BTC.
The company’s current Bitcoin holdings are valued at $45 billion, making up over 2% of Bitcoin’s supply.

MicroStrategy announced today it had acquired 15,350 BTC worth around $1.5 billion between December 9-15, marking its sixth consecutive week of Bitcoin purchases. The announcement comes ahead of its inclusion in the Nasdaq-100 index, which takes effect next Monday.

MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR https://t.co/SaWLNBVkrl

— Michael Saylor⚡️ (@saylor) December 16, 2024

MicroStrategy funded the acquisition through the sale of 3,884,712 shares, generating net proceeds of about $1.5 billion, according to an SEC filing. MicroStrategy maintains $7.6 billion in available funds from its $21 billion at-market share sale facility for future Bitcoin purchases.

The latest acquisition increases MicroStrategy’s total Bitcoin holdings to 439,000 BTC, valued at $45 billion at current market prices, representing over 2% of Bitcoin’s total supply.

The company’s Bitcoin investments have yielded strong returns, with a 72.4% yield year-to-date as of December 15.

According to Google Finance data, MSTR has been among Nasdaq’s best-performing stocks this year, with a remarkable 547% year-to-date increase. This surge qualified the company for inclusion in the Nasdaq-100.

On December 13, Nasdaq announced its annual reconstitution of the Nasdaq-100 index, which saw three companies, including MicroStrategy, Palantir Technologies, and Axon Enterprise, added.

The market reacted positively, with MicroStrategy shares rising from $411 at Friday’s close to $434 in Monday’s pre-market trading, Yahoo Finance data shows.

Inclusion in the Nasdaq-100 will probably help MicroStrategy achieve its ambitious goal of accumulating $42 billion worth of Bitcoin. The company is expected to have greater financial flexibility to continue its aggressive Bitcoin acquisition strategy.