MicroStrategy’s Crazy Buy: 51,780 BTC for $4.6 Billion, Price Doesn’t Matter

MicroStrategy just made history with one of the largest Bitcoin purchases ever, buying 51,780 BTC for $4.6 billion. Even more remarkable, the entire purchase was executed within just one week at an average price of $88,627 per Bitcoin.

This latest purchase brings MicroStrategy’s total Bitcoin holdings to 331,200 BTC, up from their previous 279,420 BTC, at an average cost basis of $49,874 per coin.

The Market Value to Realized Value (MVRV) ratio shifted from 2.12 to 1.80, showcasing the impact of this high-volume purchase on its portfolio metrics. Notably, MicroStrategy now owns approximately 1.674% of the circulating Bitcoin supply, up from 1.412%.

MicroStrategy’s Bitcoin Acquisition Strategy

MicroStrategy funded this purchase through share sales. Between November 11 and 13, the company sold 13.6 million shares, raising $4.6 billion.

Despite the scale of this transaction, MicroStrategy still has $15.3 billion in shares available for sale, according to SEC filings. Earlier this year, MicroStrategy acquired 27,200 BTC for $2 billion at an average price of $74,463 per coin.

These assets have already reaped a profit of close to $200 million, underlining the effectiveness of its systematic approach to leveraging capital for Bitcoin investments.

Bitcoin Price Surges

MicroStrategy’s latest move coincided with Bitcoin breaking the $90,000 level for the first time on November 12, later reaching $92,400. Currently, Bitcoin’s price stands at $89,782.54, reflecting a weekly gain of 9.74% despite a minor daily dip of 0.84%.

Read also :MicroStrategy to Invest $42B More in Bitcoin

With a market cap exceeding $1.77 trillion and a 24-hour trading volume of $59.6 billion, Bitcoin continues to show robust activity.