MicroStrategy Buys $4.6 billion in Bitcoin as the price approaches its all-time high.

MicroStrategy, one of the world’s largest institutional holders of Bitcoin, has made its biggest purchase yet, acquiring an additional 51,780 BTC for $4.6 billion. This latest acquisition, announced on Nov. 18, brings the company’s total Bitcoin holdings to an impressive 331,200 BTC. The purchase was made at an average price of $88,627 per BTC, further solidifying MicroStrategy's position as a leader in institutional Bitcoin adoption.  

The acquisition was funded through proceeds from a share sale agreement with leading financial institutions, including TD Securities, Barclays Capital, Mizuho Securities, and others. Between Nov. 11 and 13, MicroStrategy issued and sold 13.6 million shares, raising $4.6 billion. As of Nov. 17, the company reported $15.3 billion in remaining shares available for sale under the agreement, according to a filing with the United States Securities and Exchange Commission (SEC).  

This purchase represents the largest Bitcoin acquisition on record by the company, accounting for more than 16% of its total holdings. MicroStrategy has now invested a cumulative $16.5 billion in Bitcoin, with an average acquisition cost of $49,874 per BTC.  

The company first entered the Bitcoin market in August 2020, purchasing $250 million worth of the cryptocurrency. Since then, Bitcoin has become its primary reserve currency, and the company has consistently increased its holdings. Former CEO and founder Michael Saylor, who has been a vocal Bitcoin advocate, has called this strategy a hedge against inflation and a long-term bet on the cryptocurrency's growth potential.  

MicroStrategy’s latest purchase coincided with Bitcoin’s record-breaking surge above $90,000 on Nov. 12, reaching a new high of $92,400 the following day. This milestone reflects the growing institutional interest in Bitcoin as a store of value and hedge against macroeconomic uncertainties.  

Looking ahead, MicroStrategy has unveiled ambitious plans to raise $42 billion over the next three years to continue acquiring Bitcoin. Dubbed the “21/21 plan,” the initiative aims to raise $21 billion in equity and $21 billion in fixed-income securities. The company’s leadership remains optimistic about Bitcoin's trajectory, with founder Michael Saylor recently stating in a CNBC interview, “I don’t think it is going to $60,000, it is not going to $30,000, I think it is going to go up from here.”  

MicroStrategy’s aggressive Bitcoin strategy underscores the growing role of cryptocurrencies in corporate treasury management. By doubling down on its Bitcoin holdings, the company continues to set a benchmark for institutional adoption while betting on the long-term potential of the cryptocurrency market.