MicroStrategy's Bitcoin Holdings Surpass $26 Billion, Exceeding Cash Reserves of Major Corporations

MicroStrategy has reached a significant milestone, with its Bitcoin holdings now valued at $26 billion following a surge in Bitcoin’s price to $90,000 last week. This makes MicroStrategy one of the largest corporate holders of Bitcoin, with a portfolio that exceeds the cash reserves of major companies like Nike and IBM.

The recent spike in Bitcoin's value, which rose by 11% to $90,000, has significantly boosted MicroStrategy's holdings. The company's Bitcoin reserves now exceed those of well-established firms, including ExxonMobil’s treasury, which is valued at around $26 billion. MicroStrategy's Bitcoin holdings are also close to matching those of tech giants like Intel and General Motors, whose treasury values stand at $29 billion and $32 billion, respectively.

Michael Saylor, Executive Chairman of MicroStrategy, highlighted the impressive milestone in a post on X (formerly Twitter) on November 17, noting that the value of the company’s Bitcoin surpasses the cash holdings of both Nike and IBM.

MicroStrategy's Bitcoin journey began in 2020, when it became the first publicly traded company to adopt Bitcoin as its primary treasury asset. Since then, other companies, including Tesla and Meta, have followed suit, but MicroStrategy has remained the leader in Bitcoin accumulation.

As of now, MicroStrategy holds 279,420 Bitcoin, a number that has steadily increased over the years through ongoing acquisitions. The company’s stock has also seen a dramatic rise, up 2,100% from $15 to $340 per share since the initial Bitcoin purchase.

Plans for Further Expansion of Bitcoin Holdings

Looking ahead, MicroStrategy has ambitious plans to expand its Bitcoin holdings even further. The company aims to acquire an additional $42 billion in Bitcoin over the next three years as part of its "21/21 Plan." The plan will allocate $10 billion for Bitcoin acquisitions in 2025, $14 billion in 2026, and $18 billion in 2027.

To fund this expansion, MicroStrategy intends to raise $42 billion through a combination of equity offerings and fixed-income securities. The company has stated that the funds will be dedicated exclusively to purchasing more Bitcoin, rather than expanding its core business operations.

If successful, the company could control nearly 3% of the total Bitcoin supply, bringing its total holdings to around 580,000 Bitcoins by 2027.

In just the past two months, MicroStrategy has continued to ramp up its Bitcoin purchases, acquiring 7,420 Bitcoins for $458 million in October and more than 27,200 Bitcoins for $2 billion in November.

With Bitcoin’s market capitalization continuing to grow and trading volumes around $43 billion in the past 24 hours, MicroStrategy is well-positioned to further solidify its status as one of the largest corporate Bitcoin holders in the world.