MicroStrategy Inc., the largest corporate holder of Bitcoin, announced a substantial acquisition of 51,780 bitcoins for approximately $4.6 billion, according to an SEC filing on Monday. The purchase, made at an average price of $88,627 per bitcoin including fees, brings the company’s total Bitcoin holdings to 331,200 BTC, acquired at an aggregate cost of $16.5 billion. This translates to an average purchase price of $49,874 per Bitcoin.

The announcement highlights MicroStrategy’s continued commitment to Bitcoin as a core strategic asset. Executive Chairman Michael Saylor, a prominent advocate for Bitcoin, emphasized the company’s long-term confidence in it’s value. Saylor took to X (formerly Twitter) to share updates on the acquisition, reinforcing the firm’s leadership in corporate Bitcoin adoption.

MicroStrategy’s stock surged 10% following the announcement, reflecting investor confidence in the company’s aggressive Bitcoin strategy. Over the past year, the firm’s stock has climbed 656%, showcasing growing market optimism about its Bitcoin-focused vision.

This purchase further solidifies MicroStrategy’s position as a key player in the Bitcoin market, rivaling major institutional holders such as BlackRock, which manages the largest Bitcoin ETF with holdings of 471,329 BTC. MicroStrategy’s holdings, now valued at nearly $30 billion based on current Bitcoin prices, underscore the company's bullish stance despite it’s recent price surge to over $90,000.

MicroStrategy’s investment aligns with a broader trend among corporations and institutional investors. Marathon Digital recently announced plans to raise $700 million through convertible senior notes, partially to fund Bitcoin acquisitions. Similarly, Semler Scientific has been actively purchasing Bitcoin, with its total holdings now reaching 1,273 BTC at an average acquisition price of $82,502 per coin.

Bitcoin is also gaining attention on the political stage. In Poland, a presidential candidate has pledged to adopt Bitcoin as part of national policy if elected. In the United States, Senator Cynthia Lummis has proposed converting federal gold reserves into Bitcoin, reflecting a growing trend of policymakers endorsing Bitcoin as a strategic financial asset.

Bitcoin’s increasing adoption among institutions comes as it crosses new milestones, recently surpassing $90,000. While retail investors may be hesitant to enter the market at these elevated prices, institutional players like MicroStrategy continue to view Bitcoin as a valuable long-term investment.

Press Release

MarketWatch Article