MicroStrategy Adds $5.4B in Bitcoin, Stock Surges 515% YTD

MicroStrategy Inc. has made another significant Bitcoin acquisition, adding $5.4 billion worth of the cryptocurrency to its reserves. This marks the company’s third purchase in November as it accelerates its Bitcoin accumulation strategy.

Known for its pivot to becoming a Bitcoin treasury, MicroStrategy now holds the largest institutional stake in the cryptocurrency market.

MicroStrategy Stock (MSTR) Price Rallies in November 

The latest acquisition was partially funded through proceeds from a $3 billion convertible senior note offering. The company’s stock (MSTR) has surged alongside its Bitcoin acquisitions. 

Notably, there has been a close correlation between its performance and Bitcoin’s price movements. MSTR gained over 20% last week and is up nearly 80% this November. 

“MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per #bitcoin and has achieved BTC Yield of 35.2% QTD and 59.3% YTD,” Michael Saylor wrote on X (formerly Twitter).

With Bitcoin’s price soaring by more than 150% this year, MicroStrategy’s stock has seen a staggering 515% year-to-date growth. This momentum has propelled the firm into the ranks of the top 100 publicly traded companies in the US.

As of November 25, MicroStrategy’s Bitcoin reserves are at around $32 billion. This has reportedly outstripped the cash and liquid asset holdings of major corporations like IBM, Nike, and Johnson & Johnson.

Earlier this year, Michael Saylor revealed plans to raise $42 billion for further Bitcoin investments between 2025 and 2027. Dubbed the “21/21 Plan,” the initiative involves securing $21 billion each from equity and fixed-income securities to significantly expand the company’s crypto reserves.

Meanwhile, BlackRock, the largest Bitcoin ETF issuer in the US, has increased its stake in Microstrategy to 5.2%.