MicroStrategy, the largest corporate holder of Bitcoin, continues its strategy of increasing its Bitcoin assets with a series of bold decisions. The company announced its largest-ever purchase, acquiring 51,780 BTC for $4.6 billion, and plans to raise $1.75 billion through 0% convertible notes for further acquisitions.
Company's Largest Bitcoin Purchase to Date
On November 18, MicroStrategy announced the acquisition of 51,780 Bitcoin at an average price of $88,627 per Bitcoin for a total of $4.6 billion. This purchase is the company's largest single acquisition, marking a significant milestone in its cryptocurrency accumulation strategy. With this purchase, the company's total Bitcoin holdings have increased to 331,200 BTC.
MicroStrategy's Ambitious 21/21 Plan
MicroStrategy unveiled its '21/21' plan, aiming to raise $42 billion over three years through stock and bond issuance to further increase its Bitcoin reserves. This initiative aligns with Michael Saylor's vision of positioning Bitcoin as the ultimate store of value.
Leadership in Institutional Bitcoin Ownership
MicroStrategy's strategy positions it as a pioneer among institutional Bitcoin holders, significantly outpacing other corporations in its commitment to cryptocurrency. MicroStrategy's actions are also inspiring other organizations to explore Bitcoin as a strategic asset.
MicroStrategy continues its aggressive Bitcoin accumulation, reinforcing its belief in the cryptocurrency's future growth. These moves may attract more institutional investors to Bitcoin and strengthen its standing in the global market.
