Michael Saylor’s MicroStrategy Buys 55,000 More Bitcoin 

MicroStrategy, led by Michael Saylor, expanded its Bitcoin holdings by purchasing 55,000 more coins between November 18 and November 24, according to an 8-K filing dated November 25.

This acquisition, worth $5.4 billion, marks the software firm’s largest purchase to date.

MicroStrategy Increases Bitcoin Holdings With $5.4 Billion Purchase

The Virginia-based company disclosed in its Monday filing with the United States Securities and Exchange Commission (SEC) that the purchase was funded through convertible note offerings and the sale of shares.

The average acquisition price was $97,862 per Bitcoin, cementing MicroStrategy’s status as one of the largest corporate holders of the cryptocurrency.

MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per #bitcoin and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. As of 11/24/2024, we hodl 386,700 $BTC acquired for ~$21.9 billion at ~$56,761 per bitcoin. $MSTR https://t.co/79ExzXk4UM

— Michael Saylor⚡️ (@saylor) November 25, 2024

With this latest purchase, MicroStrategy’s Bitcoin holdings now total 386,700, acquired for approximately $21.9 billion and currently valued at $56,761.

Taking into account Bitcoin’s current market value, the company’s crypto portfolio is estimated to be worth over $37 billion.

This monumental acquisition aligns with the company’s strategy to leverage convertible notes and share sales for crypto investments.

Just days prior, MicroStrategy completed a $3 billion offering of convertible notes due in 2029, providing fresh capital for its ongoing Bitcoin acquisitions.

Michael Saylor’s Bullish Outlook on Bitcoin

Michael Saylor shared his optimistic outlook during a recent CNBC interview, emphasizing the scale of MicroStrategy’s operations.

“We’re making $500 million a day,” Saylor said. “I’m staring at my screen, and we’re selling dollar bills for $3, sometimes a million times a minute.”

The company’s stock performance has significantly outpaced the S&P 500, thanks largely to its massive Bitcoin reserves.

Despite Saylor’s confidence, Bitcoin prices appeared to stabilize on Monday, hovering around $95,000 after approaching $100,000 last week.

MicroStrategy is powered by its #Bitcoin treasury operations. We sell volatility through our ATM offerings, strip BTC risk, volatility, and performance from our fixed-income securities, and transfer that performance to our $MSTR equity holders. pic.twitter.com/QedCazsrsN

— Michael Saylor⚡️ (@saylor) November 22, 2024

Bitcoin’s recent surge follows the election of President-elect Donald Trump, who has pledged to introduce a crypto-friendly regulatory framework and restructure federal agencies to support digital assets.

Saylor expressed confidence in Bitcoin’s trajectory earlier this month during another CNBC appearance.

He remarked, “I’m planning the $100,000 party,” adding that he envisions hosting it on New Year’s Eve if Bitcoin surpasses that milestone by December.

In a November 21 X post, Saylor highlighted the company’s $3 billion convertible notes offering, emphasizing its 0% coupon rate and 55% premium.