Summary: MicroStrategy has acquired 402,100 bitcoin through stock offerings, with an average price of $58,263 per bitcoin. Excluding future obligations, the CEO claims that shareholders have seen a yield of 38.7% in November. The company's market cap is $86 billion, a 2.2x premium on its bitcoin holdings. Some believe the stock's premium to its bitcoin holdings is puzzling. MicroStrategy plans to continue purchasing bitcoin and is seeking index inclusion on the NASDAQ 100.
- Content Editor ( protos.com )
- 2024-12-04
MicroStrategy’s average bitcoin purchase price exceeds $58,000