MicroStrategy buys 1,070 Bitcoin for $101M, yield reaches 74%

Key Takeaways

MicroStrategy bought 1,070 Bitcoin for $101 million, increasing its total holdings to 447,470 BTC.
The company's Bitcoin yield will reach 74% in 2024.

MicroStrategy said Monday that it acquired 1,070 Bitcoins for $101 million between December 30 and 31, increasing its total holdings to 447,470 BTC, worth about $44.3 billion at current market prices.

MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and achieved a BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hold 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M

— Michael Saylor⚡️ (@saylor) January 6, 2025

According to a recent SEC to fileThe Tysons, Virginia-based company funded its latest purchase by selling 319,586 shares during the same period. He acquired the digital asset at an average price of $94,004 per BTC.

MicroStrategy also reported that its Bitcoin yield reached 74.1% in 2024, with the metric standing at 48% for the period from October 1 to December 31.

The announcement came after Michael Saylor, co-founder and executive chairman of MicroStrategy, scoffed at the purchase on January 5, citing “disconcerting” lines on the Saylor Tracker, a monitoring tool for the company's Bitcoin acquisitions.

Last Friday, MicroStrategy announced plans for raise up to $2 billion through public offerings of preferred stock to strengthen its balance sheet and finance additional Bitcoin purchases. This offering is aimed at its “21/21 Plan,” which aims to raise $21 billion in equity and $21 billion through fixed income instruments over three years.

The company filed with the SEC on Dec. 23 to increase its authorized Class A common stock from 330 million to 10.33 billion shares, and its preferred stock from 5 million to more than 1 billion shares, seeking more flexibility for future distribution of dividends.

The latest purchase marks MicroStrategy's ninth consecutive week of Bitcoin purchases since October 31, when the company first announced its “21/21 Plan.” The company has received 195,250 BTC since the start of the plan, representing about 45% of its investment target. At current market prices, these holdings are valued at $19.3 billion.