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News

MicroStrategy Bitcoin Investment Continues As The Price Nears $100,000

November 25, 2024 - Around 2 mins mins to read

Key Points:

  • MicroStrategy acquired 55,500 BTC for $5.4 billion, increasing its total holdings to 386,700 BTC, valued at approximately $38 billion.
  • The lastest MicroStrategy Bitcoin investment comes with a $42 billion capital strategy, raising $9.6 billion this month through convertible debt and equity.
MicroStrategy just made its biggest Bitcoin buy to date, adding 55,500 BTC for $5.4 billion.
MicroStrategy Bitcoin Investment Continues As The Price Nears $100,000

Read more: LQR House Bitcoin Investment Expands With $1M In Treasury Reserve 

Largest MicroStrategy Bitcoin Investment Completed

The company announced the deal today at an average price of $97,862 per coin and revealed that the transaction was made on the back of a successful senior note offering last week. The MicroStrategy Bitcoin investment brings the company’s total Bitcoin holdings to 386,700 BTC valued at roughly $38 billion at today’s prices.

Known for its aggressive Bitcoin accumulation strategy, MicroStrategy adopted the approach in 2020 and, since then, has grown to be among the largest institutional holders of cryptocurrency. It now ranks as the fourth-biggest Bitcoin holder in the world, behind Satoshi Nakamoto, Binance, and BlackRock.

$42 Billion Plan Accelerates Bitcoin Holdings Expansion

The MicroStrategy Bitcoin investment is part of the company’s ambitious $42 billion capital plan to secure Bitcoin over the next three years. This month alone, it has raised $3 billion through convertible notes and $6.6 billion in equity, significantly pushing its funding goals forward. Last week’s $3 billion sale of convertible debt came with a 0% coupon and a 55% conversion premium.

Market analysts have reacted positively to the strategy of MicroStrategy. Bernstein projects that by 2033, the firm could hold 4% of Bitcoin’s global supply due to a very ambitious acquisition plan that will deploy $42 billion within 18 months. The broker increased its 2025 stock price target for MicroStrategy to $600, citing confidence in its approach and the broader market potential of Bitcoin.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin

Blackrock

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Michael Saylor

MicroStrategy

MicroStrategy Bitcoin Investment

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.