The biggest move ever! MicroStrategy spends $4.6 billion to buy 51,780 BTC

Business intelligence software provider and the publicly-listed company with the largest holding of BTC, MicroStrategy, once again made a big move! According to the filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, the company spent $4.6 billion to buy 51,780 BTC at an average price of $88,627 between November 11th and 17th, making it the largest scale of additional investment ever.

The largest BTC purchase ever

This is MicroStrategy’s largest coin buying action to date, with some of the funds coming from the sale of over 13.59 million shares of the company by MicroStrategy.

MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per #bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD. As of 11/17/2024, we hodl 331,200 $BTC acquired for ~$16.5 billion at ~$49,874 per bitcoin. $MSTR

— Michael Saylor (@saylor) November 18, 2024

As of November 17, there are still about 15.3 billion US dollars of shares available for sale in MicroStrategy’s stock offering plan, which is as high as 21 billion US dollars.

MicroStrategy announced the ambitious ‘21/21 Plan’ last month, aiming to raise $4.2 billion in the next 3 years for massive BTC purchases. This plan will be divided into 2 parts, each raising $2.1 billion, with half from equity financing and the other half from debt issuance.

As of November 17th, MicroStrategy holds a total of 331,200 BTC, currently valued at approximately 29.7 billion US dollars, with a total purchase cost of 16.5 billion US dollars, and an average cost of 49,874 US dollars per BTC.

BTC performance table is impressive

MicroStrategy just spent 2.03 billion dollars last week to buy 27,200 BTC, with an average price of 74,463 dollars per BTC.

MicroStrategy uses ‘BTC ROI’ as a performance evaluation indicator to measure the proportion of BTC holdings rise to share dilution.

The company’s BTC return rate from the beginning of the year to the present has reached 41.8%, demonstrating the successful balance of share dilution effects while steadily expanding the coin holdings, and achieving long-term value enhancement for shareholders.

MicroStrategy’s faith in BTC once again shocks the market. As the BTC fever continues to heat up, whether the company’s strategy can continue to create benefits for shareholders will become the focus of attention in the investment community.

MicroStrategy spends $4.6 billion to buy 51,780 BTC, the largest purchase ever!