MicroStrategy Buys 15.4K Bitcoin for $1.5B as Saylor Promotes BTC to Microsoft

MicroStrategy, a major Bitcoin investment company, has added another 15,400 BTC to its holdings, purchasing the tokens for $1.5 billion between November 26 and December 1. This brings the company’s total Bitcoin holdings to 402,100 BTC, now valued at approximately $38.2 billion based on the current market price of $95,000 per BTC. The average price of these Bitcoin acquisitions stands at $58,263 per coin.

The purchase was funded through sales of the company’s shares under its at-the-market (ATM) program. Executive Chairman Michael Saylor had teased the announcement on social media, building anticipation for the latest acquisition.

With this addition, MicroStrategy now controls nearly 2% of the total supply of Bitcoin, which is capped at 21 million BTC. The firm’s Bitcoin strategy remains robust, continuing its position as one of the largest private holders of Bitcoin.

In other developments, there is growing speculation around whether MicroStrategy will be included in the upcoming Nasdaq 100 rebalancing, with a decision expected on December 13.

Saylor also made headlines by presenting to the Microsoft board, advocating for Bitcoin as a strategic investment for the company. He highlighted that Microsoft’s treasury management strategy has weakened the company’s position, noting that despite having significantly lower market capitalization, MicroStrategy’s daily trading volume outpaces Microsoft’s. Saylor pointed out that Microsoft had spent $200 billion in dividends and stock buybacks in the past five years, funds that could have been better invested in Bitcoin, which has surged more than 1,200% over that period.

Following the announcement, MicroStrategy’s stock rose 1.23% on Monday, reflecting its continued success in Bitcoin acquisition and market positioning.

In related news, Bitcoin miner MARA Holdings (MARA) also reported buying an additional 6,484 BTC between October and November at an average price of $95,352 per BTC, spending around $618.3 million. The company has also proposed a private offering of $700 million in zero-coupon convertible senior notes, which it plans to use to acquire more Bitcoin and repurchase outstanding convertible notes due in 2026. As of November 30, MARA holds a total of 34,959 BTC, valued at $3.3 billion at the current price.