MicroStrategy (MSTR), a prominent business intelligence firm known for its substantial Bitcoin investments, has announced the purchase of an additional 55,500 BTC.
The acquisition, valued at $5.4 billion, increases the company’s total Bitcoin holdings to 386,700 BTC, with an estimated market value of $38 billion based on current trading prices.
According to a statement released on Monday, the latest purchase was completed over six days and cost the company an average of $97,862 per bitcoin. Cumulatively, MicroStrategy’s Bitcoin acquisitions, initiated in 2020 as part of its corporate strategy, amount to $21.9 billion at an average purchase price of $56,761 per bitcoin. At the time of the announcement, Bitcoin was trading near $97,500.
Corporate Strategy and Recent Financial Moves
MicroStrategy has drawn significant attention for its bold adoption of Bitcoin as a treasury reserve asset. The strategy has significantly influenced the company’s stock performance, which has surged 515% this year, briefly ranking the firm among the top 100 U.S. publicly traded companies by market capitalization.
This latest Bitcoin purchase comes on the heels of MicroStrategy’s recent $3 billion convertible debt sale. The debt issuance, which carries a 0% coupon and a 55% conversion premium, features a conversion price of approximately $672.40 per share. Following the announcement, MicroStrategy shares rose 3.3% in premarket trading to $436.
Potential Nasdaq 100 Inclusion
As the Nasdaq 100 prepares for its annual rebalancing—scheduled for December 20—MicroStrategy may secure a spot in the index. The official announcement regarding additions and removals is expected on December 13.
By consistently bolstering its Bitcoin reserves, MicroStrategy has positioned itself as a key player in corporate Bitcoin adoption.
