Key Takeaways
- MicroStrategy’s Bitcoin holdings exceed $20 billion amid BTC’s price surge.
- The firm holds 279,420 BTC, the largest corporate Bitcoin treasury.
- Continued purchases signal confidence in Bitcoin as a reserve asset.
- MSTR stock has surged 328% YTD, outperforming traditional markets.
MicroStrategy’s $20 Billion Bitcoin Milestone
MicroStrategy’s aggressive Bitcoin accumulation strategy has paid off spectacularly. As of November 2024:
- Total Holdings: 279,420 BTC ($11.9 billion acquisition cost).
- Current Value: ~$20.7 billion at $81,000/BTC.
- Recent Purchase: Added 27,200 BTC for $2.03 billion ($74,463/BTC) in November 2024.
"We hodl 279,420 BTC acquired for ~$11.9 billion at ~$42,692 per Bitcoin."
— Michael Saylor (@saylor)
Strategic Acquisitions Timeline
| Date | BTC Purchased | Avg. Price/BTC | Total Cost | Current Value (11/2024) |
|------------|--------------|---------------|-------------|------------------------|
| Mid-Sept 2024 | 18,300 | $60,408 | $1.11B | ~$1.5B (+35%) |
| Late-Sept 2024| 7,420 | $61,750 | $458M | ~$608M (+32%) |
| June 2024 | 11,931 | $65,883 | $786M | ~$977M (+24%) |
The “21/21 Plan”: $42 Billion for Future BTC Buys
MicroStrategy unveiled a bold 3-year strategy to raise $42 billion, earmarked for additional Bitcoin purchases. CEO Phong Le stated:
"As a Bitcoin Treasury Company, we plan to use the capital to buy more Bitcoin as a treasury reserve asset."
Michael Saylor hinted at more acquisitions, posting:
👉 "SaylorTracker needs more green dots."
MSTR Stock: Riding Bitcoin’s Bullish Wave
- 2024 Performance: +328% (Jan: $68.51 → Nov: $290.60).
- Recent Surge: +18% post-U.S. election results (BTC at all-time highs).
Why the Stock Defies Negative News?
- Executive Share Sales: CFO sold 5,700 shares ($1.5M) but didn’t dent investor confidence.
- Weak Q3 Earnings: Overlooked amid Bitcoin’s upward momentum.
FAQs
1. How much Bitcoin does MicroStrategy own?
As of November 2024: 279,420 BTC (~$20.7 billion at $81,000/BTC).
2. What’s MicroStrategy’s average Bitcoin purchase price?
**$42,692 per BTC** ($11.9 billion total spend).
3. Will MicroStrategy buy more Bitcoin?
Yes. The “21/21 Plan” aims to raise $42 billion for future BTC acquisitions.
4. Why is MSTR stock rising despite weak earnings?
Investors view it as a proxy for Bitcoin’s price, overshadowing traditional metrics.
5. Who owns the most Bitcoin after MicroStrategy?
Public companies like Tesla and private entities (e.g., Satoshi Nakamoto’s estimated 1M BTC).
6. How does MicroStrategy fund its Bitcoin buys?
Through stock sales, debt offerings, and cash reserves.
Conclusion
MicroStrategy’s $20B Bitcoin bet underscores its conviction in BTC as digital gold. With plans to double down and MSTR stock mirroring Bitcoin’s ascent, the company remains a bellwether for institutional crypto adoption.