30s Summary

MicroStrategy has bought an additional 51,780 Bitcoin, spending around $4.6 billion and bringing its total Bitcoin holdings to 331,200, which collectively cost them $16.5 billion. The company managed to fund the latest crypto purchase by selling 13.6 million shares for $4.6 billion between November 11 and 13. It reported it has approximately $15.3 billion in shares ready for sale. The latest Bitcoin acquisition followed the cryptocurrency’s value exceeding $90,000 for the first time.

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MicroStrategy just can’t seem to get enough Bitcoin! Despite record-breaking figures, they’re continuing to add to their stash.

On November 18, they announced they’d bought a whopping 51,780 Bitcoin, forking out about $4.6 billion. That works out around $88,627 for each Bitcoin, no small change!

Thanks to this recent shopping spree, MicroStrategy’s total Bitcoin tally has now reached 331,200, which they’ve bought for a total of $16.5 billion. To give you an idea, each Bitcoin has cost them an average of $49,874 at the time of purchase.

So, how’d they find the money for this latest set of Bitcoin purchases? Well, they sold shares – a lot of them. Under a recent deal with companies like TD Securities, back in late October 2024, they managed to sell 13.6 million shares for $4.6 billion between November 11 and 13.

They’ve still got plenty of shares to play with as they’ve reported around $15.3 billion in shares ready for sale, according to the United States Securities and Exchange Commission.

This massive Bitcoin purchase comes just as Bitcoin surpassed the $90,000 mark for the very first time on November 12, and then went on to hit a new high, topping off at over $92,400 the day after.

This story is still developing, so as new information comes in, we’ll be sure to share it with you.