MicroStrategy, the largest public holder of Bitcoin, announced the purchase of 51,780 BTC for $4.6 billion at an average price of $88,627 per coin. This acquisition raises its total Bitcoin holdings to 331,200 BTC, accumulated at an aggregate cost of $16.5 billion, with an average purchase price of $49,874 per Bitcoin.

The purchase was funded through proceeds from a share sale under an agreement finalized on Oct. 30. Between Nov. 11 and 13, the company raised $4.6 billion by selling 13.6 million shares. MicroStrategy still holds $15.3 billion in shares available for future sales, as disclosed in a recent SEC filing.

This acquisition occurred as Bitcoin reached historic highs, surpassing $90,000 on Nov. 12 and climbing to over $92,400 the following day. MicroStrategy’s steadfast accumulation strategy underscores its confidence in Bitcoin’s long-term growth potential, cementing its role as a pioneer in corporate crypto adoption.