MicroStrategy Buys 51,780 Bitcoin in Largest-Ever Purchase

Quick Take

MicroStrategy’s Big Move: The company purchased 51,780 Bitcoin for $4.6 billion in its largest acquisition yet.

Record Holdings: MicroStrategy now owns over $29 billion worth of Bitcoin.

Long-Term Plan: Co-founder Michael Saylor remains committed to raising $42 billion for future Bitcoin investments.

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MicroStrategy just made its biggest Bitcoin purchase ever, acquiring 51,780 BTC for $4.6 billion between Nov. 11 and 17. According to a filing with the SEC, the company now holds over $29 billion in Bitcoin—solidifying its position as the largest corporate Bitcoin holder globally.

Michael Saylor, MicroStrategy’s co-founder and Bitcoin superfan, launched this strategy in 2020 to hedge against inflation. Initially, the company used cash for these purchases but later leveraged stock and debt sales to supercharge its buying power.

Saylor isn’t slowing down. MicroStrategy plans to raise $42 billion over the next three years, doubling down on its Bitcoin bet. With the cryptocurrency’s price rallying, this move could further reinforce the company’s reputation as a Bitcoin hedge fund in disguise.

For more, check out MicroStrategy’s strategy details. 🚀