MicroStrategy Expands Bitcoin Holdings to 2% of Total Supply Amid Market Moves
MicroStrategy (MSTR), a leading bitcoin development firm, has strengthened its position as a top bitcoin holder, acquiring an additional 15,400 BTC during the week ending December 1. The purchase, funded through share sales under its at-the-market (ATM) program, was disclosed Monday morning. The acquisition cost $15.4 billion, with an average purchase price of $95,976 per bitcoin.
This latest move brings MicroStrategy’s total holdings to 402,100 BTC, representing over 1.9% of the 21 million bitcoin cap. At bitcoin's current value of $95,000, the stash is worth $38.2 billion, with the company's average acquisition cost standing at $58,263 per token.
Executive Chairman Michael Saylor teased the announcement on Sunday, continuing his advocacy for bitcoin as a key asset. Saylor also revealed he presented to Microsoft’s (MSFT) board about bitcoin as a diversification strategy, highlighting its potential for long-term value.
Nasdaq 100 Rebalancing Underway
MicroStrategy’s possible inclusion in the Nasdaq 100 is generating buzz as the rebalancing process unfolds. A decision on whether MSTR will join the index is expected on December 13, which could significantly impact the company's market positioning.
Bitcoin Miner MARA Ramps Up Accumulation
In a similar vein, Marathon Digital Holdings (MARA) has been actively bolstering its bitcoin reserves. Between October 1 and November 30, MARA acquired 6,484 BTC for $618.3 million, paying an average price of $95,352 per token. This brings its total holdings to 34,959 BTC, currently valued at $3.3 billion.
MARA also announced plans for a $700 million private offering of zero-coupon convertible senior notes due 2031, with proceeds earmarked for additional bitcoin purchases and the repurchase of existing notes due 2026.
Year-to-Date Performance
MicroStrategy’s stock has surged 450% year-to-date, reflecting its aggressive bitcoin acquisition strategy. Meanwhile, MARA continues to execute a similar playbook, leveraging capital markets to grow its bitcoin treasury, underscoring the increasing alignment of corporate strategies with cryptocurrency investments.