MicroStrategy Hits Record with $37B in Bitcoin Holdings After $5.4B Purchase
Prominent business intelligence firm and leading corporate holder of Bitcoin, MicroStrategy, has announced its largest Bitcoin acquisition to date.
Between November 18 and 24, the company purchased 55,500 BTC for approximately $5.4 billion, at an average price of $97,862 per Bitcoin, according to an SEC filing on Monday.
The acquisitions followed a $3 billion debt offering completed on November 21, which generated net proceeds of $2.97 billion. Additionally, MicroStrategy raised $2.46 billion from the sale of 5.6 million company shares during the same period.
As part of its ambitious $42 billion capital raise plan over three years, the firm still has $12.8 billion worth of shares available for sale and intends to issue $21 billion in fixed-income securities.
Unprecedented Bitcoin Holdings
With this latest purchase, MicroStrategy’s total Bitcoin holdings now stand at 386,700 BTC, valued at over $37 billion.
The company’s total investment in Bitcoin amounts to $21.9 billion, acquired at an average cost of $56,761 per Bitcoin, including fees and expenses.
Co-founder and executive chairman Michael Saylor emphasized the strategic focus on long-term value creation through Bitcoin.
It is worth noting that this marks the third consecutive week of significant acquisitions. The company revealed last Monday it had acquired 51,780 BTC for $4.6 billion, while the prior week saw $2 billion worth of Bitcoin added to its portfolio.
MicroStrategy uses a proprietary metric called “Bitcoin Yield” to gauge the percentage growth in its Bitcoin holdings relative to diluted shares. As of November 24, the firm reported a 59.3% year-to-date Bitcoin Yield, highlighting its ability to grow holdings while managing share dilution.
Future Prospects
Research and brokerage firm Bernstein predicts MicroStrategy could secure up to 4% of Bitcoin’s circulating supply over the next decade. If achieved, the firm could hold 830,000 BTC—potentially worth $830 billion by 2033 if Bitcoin reaches $1 million per coin.
MicroStrategy’s aggressive Bitcoin acquisition acknowledges once again cryptocurrency as a cornerstone of its corporate treasury, pushing the company further as a leader in Bitcoin investment.
It is worth noting that MicroStrategy’s share price now stands at $403.45.
