MicroStrategy Boosts Its Crypto Holdings to Over 400,000 BTC with Recent Acquisitions

Global software company MicroStrategy (MSTR) has acquired 15,400 Bitcoin between November 25 and December 1, increasing its total holdings to 402,100 BTC. The company executed this purchase at an average price of approximately $95,976, amounting to around $1.5 billion. During this period, MicroStrategy also raised the same amount of funds by selling 3,728,507 MSTR shares.

The total cost of MicroStrategy’s Bitcoin assets, including fees and expenses, is estimated to be about $23.4 billion. This investment has been announced as part of a strategy aimed at providing benefits to shareholders while offsetting the dilution of the company's stock. Furthermore, MicroStrategy aims to raise a total of $42 billion in capital to continue its Bitcoin acquisitions over the next three years.

Michael Saylor, the co-founder and chairman of MicroStrategy, continues to effectively manage the company's Bitcoin strategy. Saylor recently advised Microsoft (MSFT) CEO Satya Nadella and the board on adopting Bitcoin as a treasury asset. The Bitcoin efficiency per share of the company has increased by 63.3% since the beginning of the year.

MicroStrategy's ongoing Bitcoin acquisitions and expanded capital raise goals are drawing attention in the markets. The company plans to effectively purchase Bitcoin to benefit its shareholders. Currently, Bitcoin is trading around $95,700, experiencing a decline of 1.5% in the last 24 hours.