MicroStrategy continues to smash 5.4 billion US dollars to buy 55,000 BTC, with a total holding of 386.7 thousand coins

Large Investors in BTCLarge Investors, MicroStrategy, has made another move! According to a filing submitted to the US Securities and Exchange Commission (SEC) on Monday, the company bought 55,500 BTC at an average price of $97,862 per coin between November 18th and 24th, spending a total of $5.4 billion, setting a new record for the company’s largest single purchase.

Where does the unprecedented buying of coins come from?

The capital for this large-scale addition to Bitcoin primarily comes from two major financing projects: on November 21st, MicroStrategy completed a debt issuance of up to $3 billion, raising a net amount of $2.97 billion after deducting fees; at the same time, the company also sold 5.59 million shares of stock between November 18th and 24th, bringing in $2.46 billion.

According to the announcement, as of November 24, the company still has $12.8 billion worth of stocks available for sale, planning to raise $42 billion in funds over the next 3 years to continue purchasing BTC.

Currently, MicroStrategy’s BTC holdings have reached 38.67 million, worth approximately $36.5 billion. According to data shared by founder and CEO Michael Saylor, the average cost of buying these BTC is $56,761 per coin, with a total investment of approximately $21.9 billion and a book profit (unrealized gain) of approximately $14.6 billion.

Crazy increase for three consecutive weeks

This is MicroStrategy’s third consecutive week of large-scale BTC purchases: the company bought about 51,780 BTC last week for 4.6 billion US dollars in cash, with an average cost of about 88,627 US dollars; the week before, the company spent 2.03 billion US dollars to buy 27,200 BTC.

This wave after wave of layouts highlights MicroStrategy’s long-term commitment to BTC.

It is worth mentioning that MicroStrategy has adopted an indicator called ‘Bitcoin Yield’ to measure the changes in BTC holdings and stock dilution ratio. The company’s BTC yield rate has reached 59.3% since the beginning of the year, indicating that while diluting equity, it has successfully increased its BTC holdings, bringing potential returns to shareholders.

Controlling 4% of the Bit coin circulation in the next 10 years

Research firm Bernstein predicts that MicroStrategy’s ambitions go far beyond this. Analysis suggests that the company’s holdings could reach 4% of the total BTC circulation in 10 years, or about 830,000 coins.

If the price of BTC reaches $1 million per coin as predicted, the total value of these assets will reach $830 billion, heralding the birth of a ‘Bitcoin empire’.

MicroStrategy smashes another $5.4 billion to buy 55,500 BTC, with a total holding of 386,700 BTC. This article was first published on BlockBeats.