MicroStrategy Continues BTC Accumulation with $5.4B Purchase

MicroStrategy (MSTR) has further cemented its position as the largest corporate Bitcoin holder. The company has acquired 55,500 BTC for $5.4 billion. The purchase, completed over six days, brings the company’s total holdings to 386,700 BTC. The current value of the holding is approximately $38 billion.

The company executed the purchase at an average price of $97,862 per coin. This was following last week’s successful $3 billion convertible debt offering. The zero-coupon notes, due 2029, feature a 55% conversion premium, equal to a share price of about $672.40.  

MicroStrategy’s Executive Chairman, Michael Saylor, continues to strongly advocate for Bitcoin. He recently declared, “Bitcoin: There is no second best” and dismissed traditional fiat currency believers as “poor.” In a presentation to Fortune 1000 company representatives in May, Saylor outlined his comprehensive Bitcoin thesis. He also emphasized digital transformation’s critical role in modern economics.

“Digital transformation is reshaping every industry,” Saylor explained. He highlighted how the digitization of capital and money represents the next phase. Saylor stated that only 0.1% of the world’s $900 trillion in assets is currently digitalized. He also added that Bitcoin presents unprecedented opportunities for growth.

Saylor underscored Bitcoin’s distinctive characteristics, including its proof-of-work foundation and thermodynamic soundness. He noted Bitcoin’s dominance, representing 97% of proof-of-work crypto assets’ market capitalization while dismissing alternatives like Dogecoin as “literally a joke.”

The MicroStrategy chairman emphasized Bitcoin’s unique position for institutional acceptance. He also predicted it will remain the only crypto to achieve institutional adoption this decade. This latest acquisition reflects MicroStrategy’s ongoing commitment to Bitcoin as a Treasury asset. Their total investment stands at $21.9 billion, averaging $56,761 per Bitcoin. Data from Saylortracker shows that the company is sitting on an unrealized gain of $13.92 billion, a 63% surge in comparison to its total buy value.