MicroStrategy Continues Bitcoin Buying Spree
MicroStrategy has recently added 15,400 Bitcoin (BTC) to its holdings, totaling around $1.5 billion. This marks the company’s fourth consecutive weekly purchase, with an average acquisition price of $95,976 per Bitcoin.
Latest Transactions and Holdings
- The latest transactions occurred between Nov. 25 and Dec. 1, bringing MicroStrategy’s total Bitcoin holdings to 402,100 BTC.
- These Bitcoins were acquired for approximately $23.4 billion at an average price of $58,263 per Bitcoin.
- Currently, the company’s Bitcoin stash is worth around $40 billion, representing 1.9% of the total Bitcoin supply.
MicroStrategy’s Impact on the Market
Since embracing its Bitcoin-focused strategy in 2020, MicroStrategy has become a major player in the crypto space. Its aggressive purchases and subsequent surge in share price have garnered significant attention.
Stock Performance and Market Capitalization
- This year, MicroStrategy’s stock has seen a remarkable increase of over 515% and briefly entered the top 100 US publicly traded firms by market capitalization.
- Despite Bitcoin’s gains in 2024 reaching 117%, MicroStrategy’s market cap of $87 billion is more than double the value of its Bitcoin assets.
Future Funding Possibilities
Market analyst Ben Werkman highlighted that MicroStrategy’s BTC-to-share ratio has been steadily climbing. Additionally, the company still has $11.3 billion remaining in its at-the-market (ATM) equity offering program, potentially enabling further Bitcoin purchases.
Updated Metrics
MicroStrategy’s latest metrics reveal BTC per fully diluted share at 0.00148792 and BTC per outstanding share at 0.00171671, showcasing the company’s strategic execution.
