Form 8-K · Current Report · Filed 2024-09-13
MicroStrategy Announces Significant Bitcoin Acquisition and BTC Yield Update
On September 13, 2024, MicroStrategy announced that it acquired approximately 18,300 bitcoins for $1.11 billion between August 6 and September 12, 2024, increasing its total holdings to approximately 244,800 bitcoins.
- Filer
- MicroStrategy Inc. MSTR · NASDAQ
- Filed
- Accession
- 0001193125-24-218462
- CIK
- 0001050446
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Details
The company funded this purchase through the sale of shares under a Sales Agreement, netting $1.11 billion. MicroStrategy also disclosed a BTC Yield of 4.4% from July 1 to September 12, 2024, and 17.0% from January 1 to September 12, 2024, using this key performance indicator to assess the impact of its bitcoin acquisition strategy on shareholder value.
Items reported
Regulation FD Disclosure
Other Events
Market reaction
Close before filing
$130.77
Next session
+2.9%
Since filing
-28.7%
Latest close
$93.28
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MSTR reporting the same item, with the next session's move:
About MicroStrategy Inc.
MicroStrategy Inc. is a prominent business intelligence company that specializes in providing robust analytics solutions. The company's primary function is to offer enterprise analytics and mobility software, designed to help organizations harness the power of large datasets to drive decision-making processes. MicroStrategy's platform enables businesses across various sectors, including finance, healthcare, manufacturing, and retail, to analyze data and generate valuable insights into operations and market trends. Key features of MicroStrategy's offerings include its ability to deliver high-performance analytics at scale, facilitate mobile intelligence, and support data visualization. With a strong emphasis on user-friendly interfaces, the company ensures that even complex data insights are accessible to decision-makers and analysts alike. MicroStrategy has also gained significant attention in the financial markets for its strategic investments in Bitcoin, reflecting its interests in digital currency as a part of corporate asset strategy. As such, the company continues to play a pivotal role in the evolving landscape of enterprise analytics, while also engaging with the broader discourse around cryptocurrency integration in business operations.
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