MicroStrategy Amplifies Bitcoin Holdings with $5.4 Billion Investment
MicroStrategy, a prominent business intelligence and software company, has made headlines with a significant expansion of its Bitcoin portfolio, as detailed in a Nov. 25 filing.
Between Nov. 18 and Nov. 24, the company purchased 55,000 Bitcoin (BTC) for a staggering $5.4 billion, paying an average of $97,862 per coin. The acquisition was funded through proceeds raised from recent equity and debt offerings, showcasing the firm’s aggressive commitment to digital assets.
This latest acquisition propels MicroStrategy’s total Bitcoin holdings to an impressive 386,700 BTC, accumulated at a cumulative cost of $21.9 billion. On average, the company paid $56,761 per token, demonstrating its long-term strategy amidst Bitcoin's volatility.
The timing of this substantial investment—close to Bitcoin’s all-time high near $100,000—signals the company’s confidence in the cryptocurrency’s growth potential. MicroStrategy’s move aligns with increasing institutional adoption and optimism surrounding potential pro-crypto policies under the new U.S. presidential administration.
The bold purchase cements MicroStrategy’s role as one of the largest corporate Bitcoin holders, doubling down on its belief in the digital currency as a key asset for the future.