The world’s largest cryptocurrency, Bitcoin (BTC), has surged past the $100,000 mark for the first time in history, solidifying its position as a global financial asset. The latest milestone has had a monumental impact on Bitcoin-heavy institutions like MicroStrategy, whose Bitcoin holdings have now exceeded a staggering $40 billion in value.
According to data from Saylor Tracker, MicroStrategy currently holds 402,100 BTC, purchased at an average of $58,402, and is collectively worth $41.33 billion. Bitcoin was trading at $101,184 at the time of writing, up 5.87% daily, per data from CyptotocurrenciesToWatch.
MicroStrategy Acquires Large BTC
The business intelligence company has continued to accumulate large amounts of BTC throughout the year. In November alone, the firm allocated $13.5 billion to acquire 149,880 BTC at an average cost of $90,231 per coin. By December 2, MicroStrategy disclosed an additional investment of $1.5 billion, securing another 15,400 BTC at an average price of $95,976.
Furthermore, Michael Saylor, the founder and executive chairman of MicroStrategy, noted that the firm’s Bitcoin acquisitions in November delivered a 38.7% return, adding a net gain of 97,500 BTC to shareholder value. With Bitcoin trading at $96,000, this translated to an estimated monthly benefit of $9.4 billion for shareholders, averaging about $312 million per day.
Generally, MicroStrategy’s cumulative bitcoin acquisitions amounted to approximately $23.48 billion. However, with the current valuation of its holdings reaching $41.21 billion, the company’s investment has appreciated by 75.48% since it began acquiring BTC in 2020.
With all its total BTC stash, MicroStrategy plans to raise $2.6 billion from senior convertible notes at a 0% interest rate. The company aims to use the funds to accumulate more BTC. The notes will be offered privately, exclusively to individuals reasonably believed to qualify as institutional buyers under Rule 144A of the Securities Act.
MicroStrategy’s Portfolio Hits Over $22B
In the wake of United States President Donald Trump’s electoral win in early November, the value of MicroStrategy’s Bitcoin holdings surged past $22.98 billion, marking a return on investment exceeding 100%. At that moment, the company reported unrealized profits of $11.08 billion. Currently, the unrealized gains have grown to over $17.72 billion.
With the crypto asset’s performance, the executive also aims to transform the firm into a trillion-dollar company and become the world’s leading Bitcoin bank. Saylor announced this vision during an interview with analysts at asset management firm Bernstein.
