Key Takeaways
- MicroStrategy increases its Bitcoin holdings to 279,420 BTC, worth nearly $23 billion at the time of writing, with a $2B purchase.
- The company funds its Bitcoin acquisitions by selling shares.
- MicroStrategy's Bitcoin ROI exceeds 100%, making it the largest corporate bitcoin holder, outperforming other companies in the ecosystem.
MicroStrategy's Bitcoin Acquisition Strategy
MicroStrategy recently announced that it bought 27,200 Bitcoin for approximately $2.03B in cash.
The firm made the purchase between October 31 and November 10, at an average price of $74,463 per BTC.
With this, MicroStrategy's holdings now total 279,420 BTC, valued at almost $23 billion at the time of writing.
The company financed the purchases by selling shares, raising about $2B in the process.
MicroStrategy's Financial Performance and Strategy
MicroStrategy’s share price increased significantly following the November 5 announcement of Donald Trump’s presidential election victory.
MicroStrategy's stock rose by nearly 20% after Trump's victory was confirmed on November 8.
The company's Bitcoin investments have already generated returns exceeding 100%, according to its portfolio tracker.
MicroStrategy’s Position in the Corporate Bitcoin Market
MicroStrategy is the largest corporate holder of Bitcoin, surpassing $20.5 billion in Bitcoin holdings prior to the latest purchase.
Marathon Digital and Riot Platforms are the next largest Bitcoin holders, with bitcoin holdings worth $2.1B and $840B respectively at the time of writing.
