Microstrategy Makes 4.6 Billion Bitcoin Purchase, Mstr Stock Soars

.wp-block-kadence-advancedheading.kt-adv-heading80706629381-7c, .wp-block-kadence-advancedheading.kt-adv-heading80706629381-7cdata-kb-block"kb-adv-heading80706629381-7c"max-width175pxpadding-right0pxmargin-right0pxtext-alignleftfont-sizevar--global-kb-font-size-sm, 0.9remfont-stylenormalbackground-color23274b.wp-block-kadence-advancedheading.kt-adv-heading80706629381-7cdata-kb-block"kb-adv-heading80706629381-7c"displayflexgap0.25emjustify-contentleftalign-itemscenter.wp-block-kadence-advancedheading.kt-adv-heading80706629381-7cdata-kb-block"kb-adv-heading80706629381-7c" .kb-adv-heading-icon svgwidth1emheight1em.wp-block-kadence-advancedheading.kt-adv-heading80706629381-7c mark, .wp-block-kadence-advancedheading.kt-adv-heading80706629381-7cdata-kb-block"kb-adv-heading80706629381-7c" markfont-stylenormalcolorf76a0cpadding-top0pxpadding-right0pxpadding-bottom0pxpadding-left0px Key Takeaways .wp-block-kadence-iconlist.kt-svg-icon-list-items807061233b1-a3not.this-stops-third-party-issuesmargin-top0pxmargin-bottom0px.wp-block-kadence-iconlist.kt-svg-icon-list-items807061233b1-a3 ul.kt-svg-icon-listnot.this-prevents-issuesnot.this-stops-third-party-issuesnot.tijslocmargin-top0pxmargin-right0pxmargin-bottomvar--global-kb-spacing-sm, 1.5remmargin-left0px.wp-block-kadence-iconlist.kt-svg-icon-list-items807061233b1-a3 ul.kt-svg-icon-listgrid-row-gap5px.wp-block-kadence-iconlist.kt-svg-icon-list-items807061233b1-a3 ul.kt-svg-icon-list .kt-svg-icon-list-item-wrap .kt-svg-icon-list-singlemargin-right10px.kt-svg-icon-list-items807061233b1-a3 ul.kt-svg-icon-list .kt-svg-icon-list-level-0 .kt-svg-icon-list-single svgfont-size20px

• Enterprise software developer MicroStrategy has purchased 51,780 BTC, worth approximately 4.6 billion, resulting in its stock price skyrocketing by 13. The acquisition is part of the company's plans to raise capital from shareholders through bonds to buy more Bitcoin.
• MSTR outperformed most stocks in the S P 500 Index in terms of year-to-date returns. Its value has surged over 500 this year, driven by Bitcoin surging to multiple all-time highs.
• The company sold 13.6 million MSTR shares on November 17 as part of its 21 billion program to increase its holdings. MicroStrategy is issuing convertible notes that shareholders can convert into MSTR when the stock is up or held until the bond matures to receive its principal amount, plus interest.
• MicroStrategy is the world's largest institutional holder of Bitcoin, owning 331,200 BTC worth nearly 30 billion at current rates.

Bitcoin development and business intelligence firm MicroStrategy has bought a record 4.6 billion worth of Bitcoin as part of its plans to tap into the capital markets to accelerate purchases of the leading crypto asset. Following the announcement, the company's share, MSTR, soared 13 to a record closing high on Monday.

MicroStrategy Buys 51,870 BTC Valued At 4.6 Billion To Increase Bitcoin Holdings

According to its filing with the U.S. Securities and Exchange Commission SEC, the enterprise software developer acquired about 51,780 BTC between November 11 and November 17. This follows the purchases of over 27,000 BTC in October and two large acquisitions in September.

The Virginia-based tech firm is the world's largest corporate holder of Bitcoin, owning around 30 billion worth of the flagship digital currency in its reserves.

MSTR has outperformed several other stocks in the S P 500 index with regard to year-to-date return. As per data from Yahoo Finance, MicroStrategy's stock value has surged over 500 so far in 2024. For comparison, Microsoft's MSFT has been up around 11 this year.