MicroStrategy Buys $2.1B in Bitcoin, Boosts Holdings to $42B

MicroStrategy has significantly boosted its Bitcoin holdings, adding 21,550 BTC worth approximately $2.1 billion between December 2 and December 8. This latest purchase brings the company’s total Bitcoin stash to 423,650 BTC, currently valued at around $42 billion based on today’s market prices.

The acquisition marks the fifth consecutive week of Bitcoin purchases by the business intelligence firm. Just last week, MicroStrategy acquired 15,400 BTC for $1.5 billion, paying an average of $95,976 per coin. Over the years, the company has spent about $25.6 billion, including fees, to amass its Bitcoin portfolio at an average cost of $60,324 per BTC.

To fund its aggressive Bitcoin strategy, MicroStrategy has raised capital through share sales. The company recently sold 5.4 million shares, using the proceeds to finance the latest purchase. As part of its broader fundraising plan, the firm still has over $9 billion in shares available for sale. MicroStrategy plans to raise a total of $42 billion over the next three years through a mix of equity offerings and fixed-income securities, split equally between the two.

Michael Saylor, co-founder and executive chairman of MicroStrategy, emphasized the company’s commitment to Bitcoin as a strategic asset. He also highlighted the strong performance of the company’s Bitcoin Yield, a metric measuring the percentage increase in Bitcoin holdings compared to diluted shares, which has reached 68.7% so far this year.

MicroStrategy’s bold approach to Bitcoin investment solidifies its position as the world’s largest corporate holder of the digital asset.