MicroStrategy Adds $5.4B in Bitcoin, Stock Surges 515% YTD
MicroStrategy Inc. has made another major Bitcoin acquisition, adding $5.4 billion worth of the cryptocurrency to its reserves. This marks the firm’s third purchase in November as it accelerates its Bitcoin accumulation strategy.
MicroStrategy is best known for being a Bitcoin vault and currently has the largest institutional holdings in the cryptocurrency market.
MicroStrategy Stock (MSTR) Price Gained in November
latest get Part of the funding comes from US$3 billion convertible senior notes issuance. The company’s stock (MSTR) surges on Bitcoin acquisition.
Notably, there is a strong correlation between its performance and Bitcoin’s price movements. MSTR rose more than 20% last week and nearly 80% this November.
“MicroStrategy has acquired 55,500 BTC for approximately $5.4 billion, or approximately $97,862 per Bitcoin, and achieved Bitcoin production QTD is 35.2% and YTD is 59.3%,” Michael Saylor wrote on X (formerly Twitter).
With the price of Bitcoin surging more than 150% this year, MicroStrategy’s stock price has achieved a staggering 515% growth so far this year. This momentum has propelled the company into industry ranks Top 100 listed companies in the United States.
As of November 25, MicroStrategy’s Bitcoin Reserve About $32 billion. This has reportedly exceeded cash and liquidity Asset holdings of major companies Examples include IBM, Nike and Johnson & Johnson.
Earlier this year, Michael Saylor revealed plans Raising $42 billion for further Bitcoin investment Between 2025 and 2027. The plan, dubbed “Plan 21/21,” involves raising $21 billion each from equity and fixed-income securities to significantly expand the company’s cryptocurrency reserves.
Meanwhile, BlackRock, the largest Bitcoin ETF Issuer in the United States, has Increased stake in Microstrategy to 5.2%.
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