MicroStrategy has added 15,400 Bitcoin (BTC) to its holdings, spending around $1.5 billion, according to a Dec. 2 filing with the US Securities and Exchange Commission (SEC).
This marks the company’s fourth consecutive weekly purchase, with an average acquisition price of $95,976 per Bitcoin.
MicroStrategy’s Bitcoin Acquisitions (Source: Bitcoin Treasuries)The latest transactions occurred between Nov. 25 and Dec. 1, bringing MicroStrategy’s total Bitcoin holdings to 402,100 BTC. They were acquired for approximately $23.4 billion at an average of $58,263 per Bitcoin.
At current market rates, the company’s Bitcoin stash is worth around $40 billion, representing 1.9% of the total Bitcoin supply.
Since adopting its Bitcoin-focused strategy in 2020, MicroStrategy has remained a prominent player in the crypto space. Its aggressive purchases and surge in share price have drawn significant attention.
MicroStrategy’s Stock Performance. (Source: Tradingview)This year, the company’s stock has soared by more than 515% and briefly earned a spot among the top 100 US publicly traded firms by market capitalization. Despite Bitcoin’s own 2024 gains of 117%, MicroStrategy’s $87 billion market cap exceeds double the value of its Bitcoin assets.
Market analyst Ben Werkman pointed out that the company’s BTC-to-share ratio has continued to climb this year. He also noted that MicroStrategy has $11.3 billion remaining in its at-the-market (ATM) equity offering program, which could fund further purchases.
MicroStrategy Bitcoin Metrics (Source: X/Werkman)Meanwhile, MicroStrategy’s updated metrics include BTC per fully diluted share at 0.00148792 and BTC per outstanding share at 0.00171671, underscoring the company’s strategic execution.
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