MicroStrategy, known as the largest corporate holder of bitcoin, has significantly increased its holdings in November. The company invested approximately $608 million to acquire 16,130 BTC, marking a notable acceleration in its bitcoin purchasing activities.
Major Bitcoin Acquisition by MicroStrategy
Under the leadership of Michael Saylor, MicroStrategy made this major purchase at an average price of around $36,785 per bitcoin. This brings the company’s total holdings to 174,530 BTC, acquired at an average price of $30,252 per coin. This new purchase represents an increase of over 10% in its holdings within a month.
The value of BTC held by MicroStrategy now exceeds $6.5 billion at the current price.
Equity Fundraising
In parallel, MicroStrategy has initiated a fundraising strategy by entering into an agreement with Cowen and Company, Canaccord Genuity, and BTIG to offer up to $750 million in Class A shares. This move is part of the company’s ongoing efforts to strengthen its bitcoin investments and diversify its sources of funding.
