MicroStrategy Boosts Bitcoin Holdings to Record 331,200 BTC

MicroStrategy, led by Bitcoin advocate Michael Saylor, has further cemented its status as the largest corporate Bitcoin holder. The company recently acquired 51,780 BTC for approximately $4.6 billion, bringing its total Bitcoin holdings to 331,200 BTC.

Photo by Traxer on Unsplash

Key Figures

Latest Purchase:

• Amount: 51,780 BTC
• Cost: $4.6 billion
• Average Price: $88,627 per BTC

Total Holdings:

• Amount: 331,200 BTC
• Investment: $16.5 billion
• Average Price: $49,874 per BTC

Funding the Bitcoin Strategy

To finance its aggressive Bitcoin accumulation:

1. Zero-Interest Convertible Notes:

• Raising $1.75 billion
• Maturity: 2029
• Potential Additional BTC: ~19,065 BTC

2. 21/21 Initiative:

• Plan to raise $42 billion over three years
• Target: Significantly increase Bitcoin reserves

Market Impact

• Bitcoin’s Price Surge:
• Bitcoin recently hit $94,000, pushing its market cap above $1.8 trillion.
• MicroStrategy’s Stock Performance:
• Market value: $69 billion as of Nov. 18, reflecting investor enthusiasm for Bitcoin’s rally.

Significance

• Massive Market Influence: MicroStrategy now holds over 1% of Bitcoin’s total supply, underscoring its outsized impact on the market.
• Institutional Confidence: The company’s strategic purchases highlight growing institutional interest in Bitcoin as a long-term asset.
• Risk vs. Reward: While its Bitcoin strategy has attracted praise for foresight, critics point to high average purchase prices and the volatility of the cryptocurrency market.

Looking Ahead

MicroStrategy’s unyielding commitment to Bitcoin — through ambitious initiatives like the 21/21 plan — indicates its belief in the cryptocurrency’s long-term value. As Bitcoin edges closer to the $100,000 milestone, all eyes are on whether MicroStrategy’s strategy will continue to pay off or face challenges amid market fluctuations.

MicroStrategy Boosts Bitcoin Holdings to Record 331,200 BTC was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.