MicroStrategy, the largest corporate holder of bitcoin, has purchased an additional 55,500 BTC for approximately $5.4 billion.
The acquisition, made at an average price of $97,862 per bitcoin, occurred between November 18 and November 24, according to an SEC filing.
Largest purchase
This marks the company’s largest single purchase to date.
The transaction follows its successful completion of a $3 billion debt offering on November 21, raising $2.97 billion, and the sale of 5,597,849 shares for $2.46 billion.
The company still has $12.8 billion worth of shares available under its ongoing $21 billion equity offering.
Total holdings
MicroStrategy now holds 386,700 BTC, purchased at an average price of $56,761 per bitcoin.
The total cost, including fees, is estimated at $21.9 billion.
These holdings are valued at over $37 billion, reflecting the company’s aggressive strategy of leveraging equity and debt financing to increase its bitcoin assets.
Three-week streak
This acquisition continues a three-week streak of significant purchases.
Last week, MicroStrategy acquired 51,780 BTC for $4.6 billion, and the prior week, it added $2 billion worth of bitcoin.
Executive Chairman Michael Saylor noted that the company’s “Bitcoin Yield,” a metric indicating bitcoin growth relative to diluted shares, stood at 59.3% as of November 24.
