MicroStrategy Makes Historic $4.6 Billion Bitcoin Purchase, Total Holdings Now at 331,200 BTC

MicroStrategy, the world's largest public institutional holder of Bitcoin, has once again made waves in the cryptocurrency space with its largest Bitcoin acquisition to date. As Bitcoin's price surges past $92,400, the company has acquired 51,780 BTC worth approximately $4.6 billion. This purchase brings its total holdings to an unprecedented 331,200 BTC, cementing its position as a key player in the crypto market.

Breaking Records with a Massive Acquisition

The latest Bitcoin purchase, announced on Nov. 18, marks the single largest acquisition by MicroStrategy in its history. The company bought the 51,780 BTC at an average price of $88,627 per Bitcoin, reflecting a strong commitment to its Bitcoin strategy despite the cryptocurrency trading near all-time highs.

MicroStrategy's total Bitcoin holdings, purchased at an aggregate cost of $16.5 billion, now have an average cost basis of $49,874 per BTC. With Bitcoin prices hovering above $92,000, the company's investment strategy appears to be paying off handsomely.

Funding the Purchase Through Equity Sales

To fund this massive acquisition, MicroStrategy utilized proceeds from a recent share sale agreement. On Oct. 30, the company finalized a deal with several major financial institutions, including TD Securities, Barclays Capital, The Benchmark Company, Canaccord Genuity, and others.

Between Nov. 11 and 13, MicroStrategy sold 13.6 million shares, raising $4.6 billion to fund the Bitcoin purchase. According to a filing with the United States Securities and Exchange Commission (SEC), MicroStrategy still has $15.3 billion worth of shares available for sale under the agreement.

This move aligns with MicroStrategy’s broader strategy of leveraging equity and debt markets to fund its Bitcoin acquisitions. The company’s commitment to Bitcoin as a "primary reserve currency" remains unwavering, even as it raises billions of dollars for further purchases.

MicroStrategy’s Journey as a Bitcoin Giant

Founded in 1989, MicroStrategy first entered the Bitcoin space in August 2020 with a $250 million purchase. Under the leadership of Michael Saylor, its founder and executive chairman, the company adopted Bitcoin as its primary reserve currency, shifting its focus from software analytics to cryptocurrency investment.

Since then, MicroStrategy has made regular Bitcoin acquisitions, cementing its reputation as a pioneer among institutional investors. Its latest purchase accounts for more than 16% of all Bitcoin held by the company, making it a historic milestone.

According to CryptoQuant, the acquisition is also the largest single Bitcoin purchase ever made by MicroStrategy, highlighting the company’s aggressive approach to increasing its holdings.

Bitcoin’s Meteoric Rise and MicroStrategy’s Bold Vision

Bitcoin's price has been on a remarkable upward trajectory, breaking past $90,000 for the first time on Nov. 12 and climbing to $92,400 the following day. The rally has reignited enthusiasm among investors, with MicroStrategy at the forefront of this bullish market sentiment.

In October, the company unveiled its ambitious “21/21 plan,” which aims to raise $42 billion over the next three years—$21 billion in equity and $21 billion in fixed-income securities. This capital will be used to further bolster its Bitcoin holdings, demonstrating its long-term confidence in the cryptocurrency’s potential.

Michael Saylor’s Bold Predictions

Michael Saylor, now MicroStrategy’s executive chairman, remains a vocal advocate for Bitcoin’s future. In a recent CNBC interview, Saylor dismissed concerns about a potential Bitcoin retracement to $60,000 or lower, stating, “I don’t think it is going to $60,000, it is not going to $30,000, I think it is going to go up from here.”

Saylor’s optimism reflects a broader sentiment among Bitcoin investors, particularly as institutional adoption continues to grow. With Bitcoin ETFs gaining traction and companies like MicroStrategy leading the charge, the cryptocurrency market appears poised for further expansion.

Conclusion: A Pioneering Force in Crypto

MicroStrategy's latest Bitcoin purchase is more than just a record-breaking acquisition—it’s a testament to the company’s unwavering belief in the future of cryptocurrency. By strategically leveraging equity and debt markets, MicroStrategy has positioned itself as a trailblazer in institutional Bitcoin investment.

As Bitcoin continues its march toward new all-time highs, MicroStrategy's bold moves are likely to inspire other corporations and institutional investors to follow suit. With its total holdings now exceeding 331,200 BTC, the company has solidified its role as a cornerstone of the crypto market's evolution.