MicroStrategy has made one of the largest Bitcoin purchases in history, acquiring 51,780 BTC for $4.6 billion. This event took place in just one week, with an average purchase price of $88,627 per Bitcoin.
MicroStrategy's Largest Bitcoin Purchase
The latest acquisition elevates MicroStrategy’s total Bitcoin holdings to 331,200 BTC from the previous 279,420 BTC, with an average cost of $49,874 per coin.
Analysis of Portfolio Metric Changes
The Market Value to Realized Value (MVRV) ratio shifted from 2.12 to 1.80, showcasing the impact of this high-volume purchase on portfolio metrics. Notably, MicroStrategy now owns approximately 1.674% of the circulating Bitcoin supply, up from 1.412%.
Funding Through Share Sales
MicroStrategy funded this purchase through share sales. From November 11 to 13, the company sold 13.6 million shares, raising $4.6 billion.
MicroStrategy's recent actions reflect its determined strategy to increase its Bitcoin holdings despite substantial financial investments and changes in portfolio metrics.
