MicroStrategy stock surges 500%, now holds $30B in Bitcoin

• MicroStrategy boosted its Bitcoin holdings to 331,200 BTC, worth $30 billion, leading to a stock surge.
• This coincided with MicroStrategy’s acquisitions under its ambitious “21/21 plan” and Bitcoin hitting $90K. 

MicroStrategy Inc. has once again made headlines with its aggressive Bitcoin [BTC] acquisition strategy. The firm purchased $4.6 billion worth of Bitcoin.

In alignment with its commitment to expanding BTC holdings, the enterprise software giant acquired approximately 51,780 Bitcoin between November 11th and 17th, according to a recent SEC filing.

This latest purchase follows acquisitions in October and September, bringing the company’s total BTC holdings to an impressive $30 billion.

MicroStrategy’s founder, Michael Saylor, also shared his thoughts on X (formerly Twitter), stating, 

Source: Michael Saylor/X

This led to MicroStrategy’s stock (MSTR) surging by approximately 13% on 18th November, hitting a record closing high.

Impact on MicroStrategy’s stock price

This remarkable performance highlights the company’s 2024 success, with MSTR shares up over 500% year-to-date. This significantly outpaces Microsoft’s 11% growth during the same period, according to Yahoo Finance.

Currently trading at $384.79 per Google Finance, MicroStrategy’s aggressive BTC strategy is yielding substantial returns. This includes stock appreciation and the rising value of its cryptocurrency holdings.

Additionally, the company plans to raise $1.75 billion through a private offering of zero-interest convertible senior notes. These notes will mature in December 2029, reinforcing its commitment to expanding its Bitcoin investments.

Source: Michael Saylor/X

Community reaction

Observing the firm’s significant strides, an X user remarked,

“Big moves! MicroStrategy’s playing chess while others are stuck on checkers.” 

However, critics like Peter Schiff seized the opportunity to weigh in, stating,

Source: Peter Schiff/X

Despite facing criticism from figures like Schiff, MicroStrategy has solidified its position as the largest institutional Bitcoin holder, with an impressive 331,200 BTC acquired at a cumulative cost of $16.5 billion—significantly below the current market value.

This milestone comes as Bitcoin trades at unprecedented highs, surpassing $90,000 following the U.S. election.

As of the latest update, BTC was valued at $91,767.56, reflecting a minor 0.03% dip in the past 24 hours but maintaining strong weekly and monthly gains of 2.72% and 34.19%, respectively, as per CoinMarketCap.

MicroStrategy’s roadmap ahead

MicroStrategy’s latest Bitcoin acquisition was funded by selling approximately 13.6 million company shares. This move aligned with its ambitious “21/21 plan.”

The strategy aims to raise $42 billion through equity and fixed-income offerings over three years. This reflects the company’s commitment to expanding its BTC holdings.

Since adopting Bitcoin as a core reserve asset in August 2020, MicroStrategy has used it to hedge against inflation and diversify its treasury.

Its open-source BTC reserve strategy has inspired other public companies, such as Marathon Digital Holdings and Semler Scientific, to adopt similar approaches, signaling a growing trend in corporate Bitcoin investment.