MicroStrategy Acquires 16,130 Bitcoin (BTC) For $593,300,000

Published: Nov 30, 2023
Written By:
Vignesh Karunanidhi
Milk Road Writer

MicroStrategy, led by CEO Michael Saylor, has recently acquired an additional 16,130 Bitcoin for approximately $593.3 million. This latest acquisition brings the total Bitcoin holdings of the tech-focused firm to 174,530 BTC, valued at around $5.28 billion.

Current Valuation and Profits:

  • As of November 29, 2023, MicroStrategy’s Bitcoin holdings are valued at $6 billion.
  • The all-time profit from these holdings stands at a remarkable 26.39%.
  • According to the Saylor Tracker, this translates to an astronomical profit of $1,248,763,297.2.

MicroStrategy holds 174,530 Bitcoin

MicroStrategy’s Bitcoin journey, initiated in 2020 under the visionary leadership of Michael Saylor, has positioned the company as the largest corporate holder of the cryptocurrency. This latest acquisition brings the total Bitcoin holdings to 174,530 BTC, acquired for $5.28 billion, according to Saylor. Data from Saylor Tracker shows that the current holdings stand at $6 billion in value. The strategic decision to consistently invest in Bitcoin reflects a belief in the long-term appreciation of the digital currency.

One of the key strategies employed by MicroStrategy in expanding its Bitcoin portfolio involves the use of debt financing. The firm has judiciously utilized debt to fund its ongoing Bitcoin procurement, underscoring a conviction that the long-term appreciation of Bitcoin will outweigh any interest expenses incurred through this financial strategy.

MicroStrategy’s most recent Bitcoin acquisition took place on October 31, when the company purchased an additional 155 BTC for $5.3 million. The average purchase price during this transaction was reported to be $34,495.00. Impressively, the value of this purchase has surged to $5.8 million at the time of the latest update.

Vignesh Karunanidhi
Milk Road Writer
Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 5 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.