JUST IN: MicroStrategy Acquires $4.6 Billion Bitcoin Using Share Sale Proceeds

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.

Bitcoin’s mission to flip gold demands one last 10x

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Bitcoin’s value can be boiled down to one specific quality: accountability.

We know precisely how many bitcoins have been mined at any point in time. We also understand which addresses have access to those coins, as well as how long they’ve been held without moving.

What we don’t know is how many coins are lost forever — BTC tied to private keys that have been destroyed, misplaced or otherwise not passed on after death and so on. 

Some estimates suggest around 20% of all BTC won’t ever move again, the equivalent of 3.7 million BTC ($318 billion). 

We’ll never uncover the…

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Would Jesus Be Bitcoin's Biggest Fan? A Holy Take

Follow Mark on X.

Did you know the Bible is practically a financial thriller? Yep, it’s got more money talk than a Wall Street boardroom—over 2,300 verses on cold, hard cash. That’s right, the Good Book might as well have been the Good Ledger, with more mentions of money than heaven and hell put together. So, in the spirit of financial enlightenment and a dash of divine humor, let’s ponder a celestial question: Would Jesus have been a Bitcoin…

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LATEST: Japan’s Metaplanet Raises $11.3M Bonds for Bitcoin Acquisition

Japanese investment powerhouse Metaplanet Inc. has launched a bold financial maneuver by announcing the sale of ordinary bonds valued at 1.75 billion yen ($11.3 million). Scheduled for one year, these bonds carry a modest annual interest of 0.36% and are earmarked specifically for expanding the company’s bitcoin holdings. Set for redemption on November 17, 2025, this strategic move underscores Metaplanet’s commitment to integrating bitcoin into its treasury operations.

CEO Simon Gerovich fueled excitement within the crypto community by revealing the company’s ongoing bitcoin acquisition strategy on X. Metaplanet, already known for its substantial bitcoin portfolio, now boasts 1,018.17 BTC, valued at approximately $93.5 million. This substantial holding cements its position as one of Asia’s top corporate bitcoin investors, illustrating a growing trend among companies to diversify into digital assets.

The announcement had a positive impact on Metaplanet’s market performance, with its shares climbing 0.81% to close at 1,994 yen on Monday, marking a staggering 1,146% increase year-to-date. This surge contrasts sharply with the broader market downturn, highlighted by the Nikkei 225’s drop of 1.09% on the same day.