MicroStrategy Acquires $1.5 Billion in Bitcoin as Saylor Advocates for Microsoft’s Adoption

MicroStrategy, known for its substantial Bitcoin holdings, recently acquired 15,400 Bitcoin between November 25th and December 1st.

MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0
— Michael Saylor⚡️ (@saylor) December 2, 2024

The purchase, funded by $1.5 billion raised through a stock sale under the company’s at-the-market (ATM) equity program, was executed at an average price of $95,976 per Bitcoin.

The sale involved issuing 3.7 million Class A shares, generating $1.48 billion in net proceeds, as disclosed in a December 2nd SEC filing.

With this acquisition, MicroStrategy and its subsidiaries now hold 402,100 Bitcoin, valued at approximately $38.4 billion at current market prices.

The company’s aggregate purchase cost for its Bitcoin holdings stands at $23.4 billion, averaging $58,263 per Bitcoin.

This latest investment follows a prior acquisition between November 18th and 24th, during which the company purchased 55,000 Bitcoin for $5.4 billion at an average price of $97,862 per Bitcoin.

That funding included proceeds from a private offering of 0% convertible senior notes due in 2029 and the ongoing ATM equity program.

Saylor Urges Microsoft to Embrace Bitcoin

Michael Saylor, MicroStrategy’s executive chairman, has encouraged other corporations to consider adopting Bitcoin.

He recently proposed that Microsoft could enhance its market capitalization by nearly $5 trillion by integrating Bitcoin into its strategy.

My 3-minute presentation to the $MSFT Board of Directors and @SatyaNadella, articulating why the company should do the right thing and adopt #Bitcoin. pic.twitter.com/aHp91V9Slz
— Michael Saylor⚡️ (@saylor) December 1, 2024

Saylor suggested redirecting dividends, stock buybacks, cash flows, and debt into Bitcoin investments, claiming it could significantly boost Microsoft’s stock price by up to $584 per share over the next decade.

He also argued this approach could position Microsoft to capitalize on emerging trends and reduce shareholder risks.

MicroStrategy’s strategy highlights its commitment to Bitcoin as a core component of its corporate philosophy, despite the risks associated with market volatility.