MicroStrategy Makes Record Bitcoin Purchase of $4.6 Billion

MicroStrategy Inc. has just made a major move in the world of Bitcoin, purchasing a massive $4.6 billion worth of the cryptocurrency. Between November 11 and November 17, the company added 51,780 Bitcoin to its holdings, bringing its total stash to over 331,000 BTC—worth around $30 billion at today’s prices.

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The Virginia-based company, led by co-founder and Chairman Michael Saylor, first got into Bitcoin in 2020, positioning it as a hedge against inflation. What started with cash purchases has evolved into a much bigger strategy. To fund these Bitcoin buys, MicroStrategy has been using funds raised from selling its own stock, rather than relying solely on its cash reserves. This latest purchase is part of that shift, with the company tapping the stock market to finance its growing digital asset portfolio.

MicroStrategy's approach is bold: it sold 13.6 million shares through its “at-the-market” program, a method that allows it to sell shares directly to the market, between November 11 and November 17. This is part of a broader $21 billion fundraising effort, signaling that investors are keen to support the company’s Bitcoin strategy. The sale represents one of the largest of its kind in recent weeks, reflecting a strong demand for shares tied to Bitcoin’s potential.

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This latest batch of Bitcoin adds to the more than 27,000 BTC the company bought between October 31 and November 10. Together, these purchases have firmly established MicroStrategy as the largest institutional holder of Bitcoin, with its total investment now worth far more than its initial outlay. The firm has spent roughly $16.5 billion on its Bitcoin holdings, which are now valued significantly higher.

Investor confidence in MicroStrategy’s strategy is evident in its stock performance. Shares have surged by over 400% this year alone, making it one of the top-performing stocks on the market. This rally is a clear sign that investors see MicroStrategy’s Bitcoin investments as a bet on the future of digital assets, and they’re backing it.

MicroStrategy’s strategy is a clear sign of how the lines between traditional finance and cryptocurrency are blurring. The company’s ability to raise funds from the stock market to buy more Bitcoin shows that institutional players are increasingly embracing digital assets. For MicroStrategy, this strategy has paid off, positioning the company not just as a leader in the software space, but also as a key player in the world of cryptocurrency.

MicroStrategy’s aggressive Bitcoin buying plan could influence other companies to follow suit. As the company continues to build on its Bitcoin holdings, it will likely remain a key figure in the ongoing evolution of institutional involvement in digital assets. The road ahead for MicroStrategy looks bright, and it’s clear that its investment in Bitcoin is a major part of its future strategy.

Also Read: Bitcoin Bounces Back After Weekend Slump, Eyes on Trump’s Crypto Policies