MicroStrategy, a pioneering corporate Bitcoin holder, continues to cement its position as a major player in the crypto space. Between November 25 and December 1, the company announced it acquired 15,400 BTC for $1.5 billion, funded through a stock sale under its at-the-market (ATM) equity program.
The Numbers Behind the Move
- Average Price per BTC: $95,976
- Total Holdings as of Dec. 1: 402,100 BTC worth approximately $38.4 billion at current market prices.
- Aggregate Purchase Cost: $23.4 billion, translating to an average acquisition cost of $58,263 per Bitcoin.
With Bitcoin currently trading significantly above their average cost, MicroStrategy is up 64% on its total Bitcoin investment.
The Bigger Picture
This $1.5 billion acquisition followed a record-breaking purchase the week prior, where MicroStrategy acquired 55,000 BTC for $5.4 billion, averaging $97,862 per coin. This massive purchase was funded through:
- Convertible senior notes due 2029 with a 0% interest rate.
- Proceeds from the company’s ongoing ATM equity program.
Michael Saylor’s Bold Vision
MicroStrategy’s Executive Chairman, Michael Saylor, a well-known Bitcoin advocate, is urging other tech giants to follow suit. In a recent pitch to Microsoft, Saylor emphasized the untapped potential of Bitcoin for corporate balance sheets:
- Increase Market Cap: Saylor claims Bitcoin adoption could add $5 trillion to Microsoft’s market capitalization.
- Stock Price Impact: He suggests Bitcoin could boost Microsoft’s stock price by up to $584 in the next decade.
- A Strategic Shift: Saylor proposes converting dividends, stock buybacks, cash flows, and debt into Bitcoin, positioning Bitcoin as the cornerstone of financial strategy.
MicroStrategy’s Vision: Leading the Bitcoin Wave
As the largest corporate Bitcoin holder, MicroStrategy’s conviction in Bitcoin as a long-term asset remains unmatched. With over 400,000 BTC under its belt, the company is not only driving Bitcoin adoption but setting a blueprint for other corporations to follow.
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