Headline: MicroStrategy Buys Additional $50M in Bitcoin, Pushing Treasury Past $68B
MicroStrategy has expanded its bitcoin reserves once again, adding 487 BTC last week in a nearly $50 million purchase. The latest buy underscores the company’s continued strategy of using bitcoin as a primary treasury asset and maintaining a steady accumulation cadence.
According to a regulatory filing, the purchases took place between November 3 and 9 for a total of $49.9 million. MicroStrategy now holds 641,692 BTC, valued at more than $68 billion at current market prices. The company’s aggregate average purchase price stands near $74,100 per bitcoin, well below the spot level around $105,700, highlighting the firm’s sizable unrealized gains on its long-term position.
MicroStrategy said the acquisitions were funded through proceeds from its at-the-market equity programs (STRF, STRC, STRK, and STRD), which allow it to issue shares directly into the market to finance ongoing bitcoin buys. The Virginia-based software and analytics firm is the largest corporate holder of bitcoin and has effectively positioned itself as a publicly traded bitcoin treasury vehicle. With near-weekly additions since early 2024, MicroStrategy remains a bellwether for institutional demand and long-term adoption in the cryptocurrency market.
Key Points: – Purchased 487 BTC between Nov. 3–9 for $49.9 million – Total holdings now 641,692 BTC, worth over $68 billion – Average purchase price about $74,100 per BTC vs. current price near $105,700 – Funded via at-the-market equity programs: STRF, STRC, STRK, STRD – Largest corporate bitcoin holder, acting as a de facto bitcoin treasury vehicle – Continues steady accumulation to drive digital asset exposure for shareholders
