MicroStrategy’s Latest Bitcoin Acquisition
MicroStrategy has significantly expanded its Bitcoin (BTC) holdings, purchasing 51,780 BTC between November 11 and November 17, 2024, at an average price of $88,627 per coin**. This $4.6 billion investment brings the company’s total BTC holdings to 331,200 BTC, valued at nearly $30 billion** based on current market prices.
Key Highlights
- 51,780 BTC acquired in one week.
- Total holdings now 331,200 BTC (~$30 billion).
- Funded through a $2.1 billion stock sale agreement.
- Unrealized profits exceed $14 billion due to BTC’s price surge.
👉 Discover how Bitcoin adoption is reshaping corporate treasury strategies
Funding the Purchase
To finance this acquisition, MicroStrategy executed a stock sale agreement with investment banks, including TD Securities, issuing 13.6 million shares between November 11–13. The company retains $15.3 billion in remaining shares available for future sales under this arrangement.
Strategic Vision: Becoming a Bitcoin Bank
Co-founder Michael Saylor has positioned MicroStrategy as a pioneer in Bitcoin-backed corporate finance, leveraging BTC holdings to explore innovative financial instruments. Last month, he outlined plans to transform the company into a leading Bitcoin bank, capitalizing on BTC’s appreciation to maximize shareholder value.
Market Impact and Unrealized Gains
Bitcoin’s recent rally to $92,000** (per CoinGecko) has amplified MicroStrategy’s unrealized profits to **~$14 billion. This surge underscores the company’s aggressive BTC accumulation strategy, begun in 2020, which now represents one of the largest corporate Bitcoin portfolios globally.
👉 Learn how Bitcoin’s volatility impacts long-term investment strategies
Frequently Asked Questions (FAQ)
Q1: How much Bitcoin does MicroStrategy own?
A: As of November 2024, MicroStrategy holds 331,200 BTC, worth ~$30 billion.
Q2: How does MicroStrategy fund its Bitcoin purchases?
A: Primarily through stock sales and convertible notes, with recent filings indicating a $2.1 billion share issuance.
Q3: What’s Michael Saylor’s long-term goal for MicroStrategy?
A: To establish it as a Bitcoin-centric financial institution, leveraging BTC holdings for lending and yield-generation services.
Conclusion
MicroStrategy’s latest $4.6 billion Bitcoin purchase reinforces its commitment to **BTC as a treasury reserve asset**. With **$30 billion in holdings** and a visionary strategy led by Saylor, the company continues to set benchmarks in corporate crypto adoption.
Note: This content is for informational purposes only and does not constitute financial advice.
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