MicroStrategy, a leading business intelligence company, has increased its Bitcoin (BTC) holdings by purchasing an additional 15,400 BTC for approximately $1.5 billion. This move brings the company’s total Bitcoin holdings to a significant 402,100 BTC, valued at around $38.2 billion at the current price of $95,000 per Bitcoin.
Bitcoin Purchase Details and Funding Source
The 15,400 BTC purchase occurred during the week ending December 1st, with each Bitcoin acquired at an average price of $95,976. The transaction was financed through the company’s at-the-market (ATM) program, which allows MicroStrategy to sell shares to raise capital. As of now, the company’s overall average purchase price for Bitcoin stands at $58,263 per coin.
MicroStrategy’s holdings now account for over 1.9% of the total 21 million BTC that will ever be created, solidifying the company as a dominant player in the cryptocurrency space.
Saylor’s Push for Bitcoin Adoption at Microsoft
MicroStrategy’s Executive Chairman, Michael Saylor, has been an outspoken advocate for Bitcoin. Recently, he shared details of his presentation to the Microsoft board on the merits of Bitcoin investment as part of a diversification strategy. Saylor argued that Microsoft’s current treasury approach is weakening the company’s financial position, especially as its daily trading volume is being outpaced by MicroStrategy.
Saylor emphasized that Microsoft’s failure to embrace Bitcoin as a treasury asset resulted in $200 billion in lost capital over the past five years, through stock buybacks and dividends. He pointed out that Bitcoin has surged over 1,200% in that period, suggesting that Microsoft missed a massive investment opportunity.
Nasdaq Rebalancing and MicroStrategy’s Position
As part of ongoing Nasdaq 100 rebalancing, discussions have arisen about the potential inclusion of MicroStrategy in the revised index. The decision is expected to be announced on December 13, which could further boost the company’s visibility and influence in the market.
MARA Holdings Follows Suit in Bitcoin Purchases
Meanwhile, Bitcoin miner MARA Holdings (MARA) is also expanding its Bitcoin stack. Between October 1 and November 30, the company acquired 6,484 BTC for around $618.3 million, with an average purchase price of $95,352 per Bitcoin. To support its Bitcoin strategy, MARA also launched a $700 million private offering of zero-coupon convertible senior notes, aiming to use the proceeds for additional Bitcoin purchases and to repurchase existing notes.
Bitcoin’s Strategic Importance
MicroStrategy’s ongoing Bitcoin acquisition and its pitch to Microsoft highlight the growing significance of Bitcoin as a strategic asset for corporate treasuries. With both MicroStrategy and MARA Holdings continuing to increase their Bitcoin holdings, the cryptocurrency’s role in diversification strategies is becoming more evident. As corporate interest in Bitcoin rises, these companies are positioning themselves to benefit from Bitcoin’s long-term growth potential.
