MicroStrategy adds $50 million in bitcoin, lifting total holdings above $68 billion
MicroStrategy continued its steady bitcoin accumulation last week, purchasing 487 BTC between November 3 and 9 for $49.9 million, according to a regulatory filing released Monday.
The new acquisitions bring the firm’s total bitcoin holdings to 641,692 tokens, now worth more than $68 billion at current market prices. The company’s aggregate purchase price across all holdings averages about $74,100 per coin, well below bitcoin’s present level near $105,700.
MicroStrategy said the purchases were funded through proceeds from its (STRF), (STRC), (STRK) and (STRD) at-the-market equity programs, which allow it to issue and sell shares directly into the market to raise cash for ongoing bitcoin purchases.
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The Virginia-based software and analytics company has become the largest corporate holder of bitcoin globally, positioning itself effectively as a publicly traded bitcoin treasury vehicle. The firm has consistently added to its holdings almost every week since early 2024 as part of a strategy to maximize shareholder value through digital asset exposure.
The steady purchases underscore MicroStrategy’s ongoing role as the largest corporate bitcoin holder and a key source of institutional demand, helping reinforce sentiment around bitcoin’s long-term adoption and price stability.
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MicroStrategy financed its bitcoin purchases by selling its own shares directly to investors on the open market.
- An “at-the-market” (ATM) program allows a company to issue small amounts of new stock incrementally rather than through a large, one-time offering.
- Each ticker (STRF, STRC, STRK, STRD) refers to a separate filing or share issuance program under which MicroStrategy can sell equity to raise cash. Those proceeds, not debt, were then used to buy bitcoin.
In short: MicroStrategy is using stock sales instead of borrowing to fund its ongoing bitcoin accumulation, allowing it to expand holdings without adding leverage to its balance sheet.
