MicroStrategy’s Bitcoin treasury swells to 386,700 BTC en route to 4% of total supply

MicroStrategy has purchased a staggering 135,000 Bitcoin (BTC) in three transactions. These acquisitions amount to 35% of the company’s total BTC holdings and underline its ongoing commitment to Bitcoin as a core asset.

On Nov. 25, the company disclosed its largest Bitcoin acquisition, buying 55,500 BTC for $5.4 billion. This purchase—detailed in a filing with the US Securities and Exchange Commission (SEC)— equates to an average price of $97,862 per Bitcoin.

Earlier in the month, MicroStrategy acquired 51,780 BTC for $4.6 billion on Nov. 17 and 27,200 BTC for $2.03 billion on Nov. 11.

These purchases are the firm’s most aggressive buying spree since it adopted the Bitcoin standard in 2020.

Currently, the company holds 386,700 BTC, purchased at a total cost of $21.9 billion. The average cost per Bitcoin is $56,761, while the current market value of its holdings exceeds $37.7 billion. MicroStrategy has an unrealized profit of more than $15 billion.

This accumulation represents 1.84% of Bitcoin’s fixed supply of 21 million. Analysts at Bernstein have reportedly predicted that MicroStrategy’s ownership could rise to 4% within the next decade, with a revised price target of $600 for MicroStrategy’s stock by the end of 2025.

According to Google Finance data, MicroStrategy’s stock has been one of the standout performers over the past year, rising 515% to a two-decade high of over $400.

Analyst

Oluwapelumi Adejumo

Journalist at CryptoSlate

Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.

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