MicroStrategy (MSTR), the business intelligence firm, has made its biggest Bitcoin (BTC) purchase with the addition of 55,500 BTC.
This historic acquisition came at a cost of approximately $5.4 billion. The average price per the purchased BTC stands at about $97,862. As it announced, the purchase occurred between November 18 and November 24.
MicroStrategy’s Historic Bitcoin Purchase
According to a post on X by Michael Saylor, MicroStrategy’s Executive Chairman, the firm now holds 386,700 BTC. The cumulative cost of this staggering acquisition is $21.9 billion over four years.
Notably, this acquisition comes after MicroStrategy completed a $3 billion debt offering on November 21. During the same period, MicroStrategy made net proceeds of $2.97 billion.
Also, it scored an additional $2.46 billion from the sales of 5,597,849 MSTR shares.
MicroStrategy planned to offer $21 billion in equity and fixed-income securities over the next three years for $42 billion in capital.
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