MicroStrategy (MSTR, Financial) has strengthened its position as the largest corporate holder of Bitcoin by purchasing 15,400 Bitcoins for approximately $1.5 billion at an average price of $95,976 each. This acquisition was reported in an 8-K filing with the U.S. Securities and Exchange Commission.
During the same period, MicroStrategy sold 3,728,507 shares of its stock, raising about $1.5 billion. The company plans to use the funds for further Bitcoin purchases, with a financing strategy aiming to raise $42 billion over three years.
As of December 1, MicroStrategy holds 402,100 Bitcoins valued over $38 billion, with an average purchase cost of $58,263 per Bitcoin. The company reported a Bitcoin yield of 63.3% for the year, balancing Bitcoin acquisition with stock dilution.
CEO Michael Saylor has advocated for Bitcoin as a corporate financial asset, suggesting its adoption to Microsoft's CEO and board.
