MicroStrategy Boosts Bitcoin Holdings to 446,400 BTC with New Purchase

MicroStrategy has continued its aggressive Bitcoin acquisition streak, announcing the purchase of an additional 2,138 BTC for $209 million.

The company revealed in a press release that it acquired the cryptocurrency at an average price of $97,837 per Bitcoin.

This marks MicroStrategy’s eighth consecutive weekly Bitcoin acquisition, bringing its total holdings to 446,400 BTC. The firm has spent $27.9 billion to amass this impressive reserve, with an average acquisition price of $62,428 per Bitcoin.

The software company also reported notable performance metrics, achieving a Bitcoin yield of 47.8% quarter-to-date (QTD) and 74.1% year-to-date (YTD). Last week alone, MicroStrategy purchased 5,262 BTC, spending $561 million at an average price of $106,662 per Bitcoin. This purchase brings the company’s total holdings to 444,262 BTC, with an average cost of $62,257 per Bitcoin, according to TradingView.

In October, MicroStrategy unveiled its “21/21 Plan,” a strategy aimed at raising $42 billion over the next three years to fund further Bitcoin acquisitions. According to the company’s Q3 earnings report, the plan involves raising $21 billion each through equity sales and fixed-income securities to achieve a long-term BTC Yield target of 6% to 10% annually for 2025 through 2027.

The company reported adding 25,889 BTC in Q3 alone, bringing its holdings at the time to 252,220 BTC, valued at $18.23 billion. MicroStrategy also noted an unrealized profit of $8.27 billion based on current market prices.

Additionally, executive chairman Michael Saylor recently announced the successful completion of a $2.97 billion convertible senior notes offering, with proceeds allocated for Bitcoin purchases and general corporate needs. The private offering, limited to institutional buyers, provides flexible conversion options into cash, Class A common stock, or both.

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