MicroStrategy Buys Another $2 Billion in Bitcoin, Now Holds $23 Billion in Digital Asset

MicroStrategy, the largest corporate holder of Bitcoin, has further expanded its cryptocurrency investment, acquiring an additional 27,200 BTC at an average price of $74,463 per coin. The latest purchase, totaling over $2 billion, brings the company’s total Bitcoin holdings to 279,420 BTC, valued at nearly $23 billion.

The Virginia-based business intelligence firm has now accumulated a staggering $11.9 billion worth of Bitcoin, with its investment having yielded around $11 billion in gains. MicroStrategy’s aggressive Bitcoin acquisition strategy, funded through share issuances, has driven the company’s stock price up by over 1,000% since its initial foray into the cryptocurrency in 2020.

Alongside the latest purchase, MicroStrategy reported a Bitcoin Yield of 7.4% for the current quarter and over 26% year-to-date, a key performance indicator the company uses to assess the accretive nature of its Bitcoin holdings.

The move comes as Bitcoin reaches new all-time highs, surpassing $82,000, with the broader cryptocurrency market receiving a boost following Donald Trump’s victory in the U.S. presidential election. Experts, however, have cautioned about potential volatility and the impact on derivatives markets.

MicroStrategy’s continued embrace of Bitcoin has cemented its position as a proxy for investors seeking exposure to the digital asset without directly dealing with cryptocurrency exchanges or ETFs. The company’s strategy of leveraging debt and equity to fund its Bitcoin acquisitions has been a closely watched model within the industry.