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MicroStrategy, a major corporate Bitcoin holder, announced it acquired approximately 15,400 BTC between Nov. 25 and Dec. 1. The purchase, funded by $1.5 billion raised through a stock sale under its at-the-market (ATM) equity program, was executed at an average price of $95,976 per Bitcoin.
In a Dec. 2 filing to United States Securities and Exchange, the company also revealed it sold 3.7 million shares of its Class A common stock during the same period, generating $1.48 billion in net proceeds. The funds were used to purchase the 15,400 Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>).&nbsp;
<figure><img alt="MicroStrategy, Michael Saylor" src="https://s3.cointelegraph.com/uploads/2024-12/019387a1-9ff1-76de-b51e-40e1f642a8d7" title="">
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 MicroStrategy remains the largest corporate Bitcoin holder. Source: BitcoinTreasuries
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As of Dec. 1, MicroStrategy and its subsidiaries hold 402,100 BTC, worth around $38.4 billion at current market prices, purchased at an aggregate cost of $23.4 billion, or an average of $58,263 per Bitcoin. This means the firm is up by 64% on its Bitcoin investments.&nbsp;
<h2 id="microstrategy-spent-5-4-billion-on-bitcoin-the-previous-week">MicroStrategy spent $5.4 billion on Bitcoin the previous week</h2>
The $1.5 billion purchase follows a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/microstrategy-expands-bitcoin-holdings-5-4b-purchase" rel="noopener noreferrer nofollow" target="null" text="null" title="null">larger Bitcoin investment</a> from the company the week before.&nbsp;
Between Nov. 18 and 24, the company acquired 55,000 BTC for $5.4 billion at an average price of $97,862 per coin, according to a regulatory filing.
The funding for the massive purchase came from multiple sources, including a private offering of 0% convertible senior notes due in 2029, as well as proceeds from the company’s ongoing at-the-market equity program.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/solv-launch-onchain-microstrategy" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Solv to launch ‘onchain MicroStrategy’</a>&nbsp;
<h2 id="michael-saylor-tells-microsoft-to-buy-bitcoin">Michael Saylor tells Microsoft to buy Bitcoin</h2>
Beyond expanding its own Bitcoin holdings, MicroStrategy executive chairman Michael Saylor has called on tech giant Microsoft to adopt a similar strategy.
In a pitch to Microsoft’s board, the MicroStrategy chair and Bitcoin bull said that Microsoft could increase its market capitalization by almost $5 trillion if it goes all-in on Bitcoin. Saylor said that Microsoft cannot afford to miss the next tech wave and that “Bitcoin is that wave.”<iframe width="100%" height="315" src="https://www.youtube.com/embed/cH2t6VOdgkE" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
Saylor said Microsoft should convert its dividend payouts, stock buybacks, cash flows and debt into Bitcoin, adding that this would add “hundreds of dollars” to the company’s stock price.&nbsp;
Saylor also claimed that BTC could add up to $584 to Microsoft’s share price in the next decade. “You can create trillions of dollars of enterprise value. You can strip away risk from your shareholders,” he added.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ai-more-power-hungry-bitcoin-profits-pose-risks-bitcoin-miners/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">AI may already use more power than Bitcoin — and it threatens Bitcoin mining</a>

MicroStrategy purchased $1.5B in Bitcoin last week

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