Key Takeaways
- MicroStrategy purchased 51,780 Bitcoin over one week.
- The company's Bitcoin holdings now total 331,200 BTC.
- Unrealized profits reach $13 billion amid a Bitcoin price surge.
MicroStrategy revealed it had purchased 51,780 Bitcoin between November 11 and November 17, paying an average of $88,627 per coin.
This acquisition raises its total holdings to 331,200 BTC, now worth approximately $30 billion at current prices.
Previous acquisitions
The move follows the company’s previous acquisition of 27,200 Bitcoin between October 31 and November 10.
Co-founder Michael Saylor had hinted at these purchases, aligning with his strategy to solidify the company as a leading Bitcoin-centric financial entity.
Financial mechanics
To fund the acquisition, MicroStrategy entered a sales agreement with investment banks such as TD Securities, selling 13.6 million shares between November 11 and November 13.
The company retains about $15.3 billion in shares for future issuance and sales.
Unrealized profits
The significant unrealized profits—totaling roughly $13 billion—stem from Bitcoin’s recent price surge to approximately $90,000.
MicroStrategy’s bold investment approach has drawn attention, with the company using financial instruments to aggressively grow its Bitcoin reserves.
Michael Saylor’s vision continues to drive MicroStrategy’s reputation as a pioneer in Bitcoin-focused corporate strategy.
