MicroStrategy Purchases 258,320 BTC in 2024, Boosting Shareholder Value by $14B
MicroStrategy, led by Michael Saylor, aggressively expanded its Bitcoin holdings in 2024, acquiring 258,320 BTC for $22.07 billion.
This acquisition boosted the company’s total BTC to 447,470, with a notable BTC yield of 74.3% for the year. At a projected $100K per Bitcoin, this acquisition added $14.06 billion in shareholder value. MicroStrategy’s strategy aims to raise $42 billion through equity and fixed-income securities to further grow its Bitcoin portfolio. This move helped the company join the Nasdaq 100, signaling increased acceptance of Bitcoin-focused firms in the financial mainstream.
Clever Robot News Desk 9th January 2025
