MicroStrategy has made another major acquisition of Bitcoin, purchasing 15,400 BTC for $1.5 billion during the week ending December 1. This brings the company’s total Bitcoin holdings to 402,100 BTC, which is valued at approximately $38.2 billion at the current market price of $95,000 per coin. MicroStrategy’s average purchase price for its holdings stands at $58,263 per BTC.
The purchase was financed through share sales under the company’s at-the-market (ATM) program. This latest acquisition boosts the company’s position, as it now controls nearly 2% of all Bitcoin that will ever be mined. Executive Chairman Michael Saylor had teased the announcement ahead of time and continues to be a vocal advocate for Bitcoin, viewing it as a key asset for MicroStrategy’s future.
In addition to its Bitcoin purchases, MicroStrategy is closely watching its potential inclusion in the rebalanced Nasdaq 100 index. A decision regarding the rebalancing is expected by December 13.
Saylor also recently delivered a presentation to Microsoft’s board, where he urged the company to reconsider its treasury strategy. Saylor pointed out that Microsoft’s current focus on stock buybacks and dividends has led to $200 billion in missed capital over the past five years. He emphasized that investing in Bitcoin during this period could have offered significantly higher returns, as Bitcoin has risen over 1,200% in the last five years.
Following the announcement, MicroStrategy’s stock price rose by 1.23%, continuing its strong performance with a year-to-date increase of 450%.
Meanwhile, Bitcoin mining firm MARA Holdings revealed that it had acquired an additional 6,484 BTC between October 1 and November 30, spending approximately $618.3 million on the purchase. MARA also launched a $700 million offering of zero-coupon convertible senior notes, which will primarily be used for further Bitcoin acquisitions and repurchasing existing convertible notes. As of November 30, MARA’s Bitcoin holdings totaled 34,959 BTC, worth approximately $3.3 billion at the current price.
