Summary by Futu AI
MicroStrategy Incorporated reported on September 13, 2024, that it had acquired approximately 18,300 bitcoins between August 6, 2024, and September 12, 2024, for about $1.11 billion in cash, averaging $60,408 per bitcoin. The purchase was funded through proceeds from the sale of class A common stock under a previously disclosed Sales Agreement with multiple sales agents. As of September 12, the company's total bitcoin holdings reached approximately 244,800, acquired at an average price of $38,585 per bitcoin. Additionally, MicroStrategy sold 8,048,449 shares under the Sales Agreement, resulting in net proceeds of approximately $1.11 billion. The company also disclosed its BTC Yield KPI, showing a 4.4% yield from July 1 to September 12, 2024, and a 17.0% yield from the start of the year to September 12. The BTC Yield KPI is used to assess the performance of the company's strategy of acquiring bitcoin in a manner believed to be accretive to shareholders.