- MicroStrategy surpasses 400,000 BTC holdings, acquiring over 15,000 BTC in recent weeks.
- MARA Holdings adopts MicroStrategy’s strategy and buys 6,484 BTC, worth $3.3 billion.
MicroStrategy’s Commitment to Bitcoin [BTC] acquisition remains steadfast regardless of market conditions.
As November ends and December begins, the business intelligence giant has made notable progress in its Bitcoin strategy, pushing its holdings to over 400,000 BTC.
MicroStrategy’s current Bitcoin holdings
MicroStrategy’s Bitcoin holdings now stand at 402,100 tokens, valued at approximately $38.2 billion, based on the current price of $95,000 per BTC.
The company’s average purchase price is $58,263 per token.
This latest acquisition was financed through the sale of shares under the ongoing at-the-market program, as disclosed.
Executive Chairman Michael Saylor hinted at the announcement of this purchase on December 1, creating further anticipation within the crypto community ahead of the unveiling.
Source: Michael Saylor/X
Over the past week, MicroStrategy sold 3.7 million shares of its MSTR stock, raising approximately $1.5 billion, which was immediately reinvested in BTC.
This marks the company’s fourth straight week of Bitcoin purchases.
According to Bloomberg MicroStrategy has approximately $11.3 billion remaining in its equity issuance program, which is part of a larger strategy to secure $21 billion in fixed income financing by 2027.
According to its latest filing with the US Securities and Exchange Commission (SEC), MicroStrategy acquired 15,400 BTCs between November 25 and December 1, at an average price of approximately $95,976 per token.
Since November 11, the company has invested more than $13.5 billion in Bitcoin in three separate batches.
Is MARA following in MicroStrategy’s footsteps?
Bitcoin miner MARA Holdings (MARA) has continued MicroStrategy’s Bitcoin acquisition strategy, recently purchasing 6,484 BTC between October 1 and November 30 for approximately $618.3 million in cash, at an average cost of $95,352 per token.
As of November 30, MARA owns 34,959 BTC, worth $3.3 billion at current prices.
However, it is important to note that MicroStrategy is going through a challenging phase as its market cap experiences an unprecedented four-day decline.
Since peaking on November 21, the company’s valuation has fallen by more than 35%, wiping out more than $30 billion.
Meanwhile, BTC was trade at $94,868.35, reflecting a decline of 0.50% in the last 24 hours, and MSTR stock fell 1.85% to trade at $380.30.
