Summary Review: MicroStrategy, a leading corporate Bitcoin investor, has bought an additional 51,780 BTC for $4.6 billion, bringing its total holdings to 331,200 Bitcoin. The purchase was funded through a share sale, and it comes as Bitcoin’s price hit a historic high above $92,400.
MicroStrategy, known for its aggressive Bitcoin investment strategy, has once again expanded its holdings, even as Bitcoin reaches new all-time highs.
On November 18, the company announced the acquisition of 51,780 Bitcoin for a total of $4.6 billion. This latest purchase was made at an average price of $88,627 per Bitcoin. With this addition, MicroStrategy now holds 331,200 BTC, accumulated at an overall investment of $16.5 billion. The company’s average cost per Bitcoin across all purchases stands at $49,874.
Funding Through Share Sales
To fund this latest Bitcoin acquisition, MicroStrategy used proceeds from a recent share sale. Under an agreement established on October 30, the company sold 13.6 million shares between November 11 and 13, raising $4.6 billion. As of November 17, MicroStrategy reported an additional $15.3 billion in shares still available for sale under the agreement.
Bitcoin’s Historic Rally
The purchase coincided with Bitcoin’s price soaring past $90,000 for the first time on November 12, and climbing further to a new peak above $92,400 the following day. The company’s latest investment reaffirms its commitment to Bitcoin as a key part of its financial strategy.
This move by MicroStrategy underscores the growing role of Bitcoin in corporate treasury strategies, especially as prices continue to set new records.
Summary Review: MicroStrategy, a leading corporate Bitcoin investor, has bought an additional 51,780 BTC for $4.6 billion, bringing its total holdings to 331,200 Bitcoin. The purchase was funded through a share sale, and it comes as Bitcoin’s price hit a historic high above $92,400.
Disclaimer: Nothing in this article, or any content from Web30 News, should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves risks, and investors should be aware that capital is at risk and returns are never guaranteed. Please conduct thorough research and consult with a qualified financial advisor before making any investment decision.
