MicroStrategy Officially Holds More Than 400K BTC

MicroStrategy remains firmly committed to acquiring Bitcoin (BTC), regardless of market fluctuations.

As November ends and December begins, the business intelligence leader has made significant progress in its Bitcoin strategy, increasing its holdings to over 400,000 BTC.

MicroStrategy now holds 402,100 BTC, worth around $38.2 billion, based on the current BTC price of $95,000. This latest acquisition was funded through share sales under its ongoing at-the-market program, as previously disclosed. Executive Chairman Michael Saylor hinted at this acquisition on December 1st, building anticipation in the crypto community prior to the official announcement.

Saylor Goes All In On BTC

In the past week, MicroStrategy sold 3.7 million shares of its MSTR stock, raising about $1.5 billion, which was immediately reinvested into Bitcoin. This marks the fourth consecutive week of Bitcoin purchases by the company.

As of now, MicroStrategy has approximately $11.3 billion left in its stock issuance program, part of a broader plan to raise $21 billion through fixed-income securities by 2027. As per the latest filing with the U.S. Securities and Exchange Commission (SEC), MicroStrategy bought 15,400 BTC between November 25th and December 1st, at an average price of $95,976 per token. Since November 11th, the company has invested over $13.5 billion in Bitcoin through three separate transactions.

Where Does MARA Fit In?

Bitcoin miner MARA Holdings (MARA) is following what MicroStrategy is doing, recently acquiring 6,484 BTC for around $618.3 million in cash between October 1st and November 30th, at an average cost of $95,352 per token. As of November 30th, MARA holds 34,959 BTC, valued at $3.3 billion at current prices.

However, MicroStrategy is currently facing challenges, as its market capitalization has seen an unprecedented four-day drop. Since peaking on November 21st, the company saw its valuation fall by over 35%, losing more than $30 billion.