MicroStrategy, the business intelligence firm renowned for its aggressive Bitcoin strategy, has set a new record by purchasing 55,500 BTC for $5.4 billion.
This acquisition, completed between November 18 and 24, marks the largest single Bitcoin purchase ever made by the company.
According to an SEC filing, MicroStrategy paid an average price of $97,862 per Bitcoin for the latest batch. This comes as part of a larger strategy that has seen the firm steadily increase its cryptocurrency holdings.
To fund this acquisition, MicroStrategy raised $3 billion through a debt offering, generating nearly $3 billion in net proceeds. Additionally, the company sold over 5.5 million of its own shares, securing $2.46 billion.
The company isn’t stopping here. It has ambitious plans to raise $42 billion over the next three years, split evenly between equity offerings and fixed-income securities, to finance further Bitcoin purchases.
With this latest buy, MicroStrategy now owns 386,700 BTC, valued at more than $37 billion at current market prices.
The firm has spent $21.9 billion to build its Bitcoin reserve, paying an average of $56,761 per coin, including fees.
A unique aspect of MicroStrategy’s approach is its proprietary “Bitcoin Yield” metric, which measures the percentage growth in Bitcoin holdings relative to share dilution.
As of November 24, the company’s year-to-date Bitcoin Yield stands at 59.3%, reflecting significant expansion while maintaining investor confidence.
MicroStrategy’s recent purchases include 51,780 BTC bought for $4.6 billion just last week and $2 billion worth of Bitcoin acquired the week prior.
The company’s aggressive buying spree is a bold bet on Bitcoin’s long-term value, solidifying its position as the largest corporate Bitcoin holder in the world.
