MicroStrategy’s Bitcoin Holdings Surpass $20B: Will MSTR’s Buying Spree Continue?

• MicroStrategy Bitcoin holdings value has topped $20 billion thanks to the recent BTC price pump.
• Michael Saylor’s company now holds over 279,000 BTC, making it the most significant corporate holder of Bitcoin.
• However, purchases are not over, and the stock benefits from the momentum of BTC.

MicroStrategy Bitcoin Holdings Top $20B

MicroStrategy continues to aggressively accumulate Bitcoin, with its latest purchases in 2024 demonstrating a strong commitment to the digital asset despite market fluctuations. On Nov. 11, MicroStrategy acquired  27,200 BTC for $2.03 billion at $74,463 per Bitcoin and achieved a BTC yield of 7.3% quarter-to-date and 26.4% year-to-date. As of Nov. 11, the company holds 279,420 Bitcoins, acquired for $11.9 billion at $42,692 per Bitcoin.

According to SaylorTracker , as the price of Bitcoin is now $81,000, MicroStrategy’s holdings are worth around $20.7 billion.

The company recently acquired large batches of Bitcoin, including a significant purchase in mid-September, where it added 18,300 BTC at an average price of around $60,408, totaling $1.11 billion.

This particular acquisition has already appreciated, with current valuations pushing its worth to nearly $1.5 billion, reflecting a gain of over $389 million.

Another major buy occurred in late September. when MicroStrategy purchased 7,420 BTC for approximately $458.2 million, averaging $61,750 per Bitcoin. This investment has also seen significant appreciation, currently valued at $607.86 million, marking a profit of nearly $150 million.

Earlier in the year, the company made additional strategic purchases, such as the June acquisition of nearly 11,931 BTC at $65,883 per coin, which has since appreciated over $191 million. Smaller purchases, like those in August and April, have proven profitable, with gains ranging from 21% to 28%.

Purchases are Not Over

MicroStrategy has solidified its position as the largest corporate holder of Bitcoin. Despite this substantial investment, the company shows no signs of slowing down.

The company has unveiled its “21/21 Plan,” a strategy to raise a massive $42 billion over the next three years. This capital will be used to increase the company’s Bitcoin holdings further.

MicroStrategy’s President and CEO, Phong Le, explained the rationale behind the plan: “As a Bitcoin Treasury Company, we plan to use the additional capital to buy more Bitcoin as a treasury reserve asset.”

Michael Saylor, the CEO at MicroStrategy, posted a SaylorTracker chart on X , saying the site “needs more green dots” and indicating that the company will buy more Bitcoin. This move aligns with previous and famous Saylor’s quote, “I will be buying the top forever.”

MSTR Stock Performance

Since last week, when Donald Trump secured his second win at the U.S. elections, Bitcoin has kept setting new record highs. At the time of this writing, the king of cryptocurrencies trades above $81,000, a level it had never seen in its history.

As we’ve seen, MicroStrategy’s holdings benefitted from this BTC bullish trend. But not only its holdings. MSTR stock, listed in New York, also gained value over the last few days.

MSTR  increased by 18% last week only and is up by 9.7% at the time of writing during today’s pre-market session, at $290.60 per share. It reflects a 328% gain since the beginning of 2024, when an MSTR share was worth $68.51.

The stock is increasing despite some executives selling shares in MicroStrategy without buying any assets in the last three months.

The last one to sell shares was the vice president and Chief Financial Officer, Andrew Kang, who sold 5,700 shares  for a total value of $1.5 million. However, this news and the disappointing third-quarter results published two weeks ago don’t affect the investors’ sentiment.