MicroStrategy has increased its Bitcoin holdings to 331,200 BTC, following the acquisition of 51,780 BTC for approximately $4.6 billion.
MicroStrategy has increased its Bitcoin holdings to 331,200 BTC, following the acquisition of 51,780 BTC for approximately $4.6 billion. The company now has an average purchase price of $88,627 per Bitcoin. This comes just after the purchase of 27,200 BTC for around $2 billion.
Since starting its Bitcoin strategy in 2020, MicroStrategy has invested $16.5 billion to accumulate its total Bitcoin reserve at an average price of $49,874 per Bitcoin.
To fund its ongoing Bitcoin purchases, MicroStrategy plans to raise $1.75 billion through zero-interest convertible notes, maturing in 2029. If the funds are used to buy Bitcoin at current prices, the company could acquire an additional 19,065 BTC. Over the next three years, MicroStrategy intends to raise $42 billion for further Bitcoin investments as part of its “21/21” initiative.
Bitcoin’s recent price surge has contributed to its market capitalization exceeding $1.8 trillion. MicroStrategy’s stock price has also risen, reflecting the broader market interest in Bitcoin. As of Nov. 18, the company’s market value stands at around $69 billion.
MicroStrategy currently holds more than 1% of Bitcoin’s total supply, reinforcing its position as a significant holder in the market.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
