# MicroStrategy Continues to Accumulate Bitcoin

*Author: Kazu Umemoto*
*Published: Dec 2, 2024*
*Source: https://www.bankless.com/read/microstrategy-continues-to-accumulate-bitcoin*

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MicroStrategy has acquired an additional 15,400 BTC for $1.5 billion, bringing its total holdings to 402,100 BTC worth over $38 billion.

## **What’s the Scoop?**
- MicroStrategy's most recent purchase bought 15,400 BTC at $95,976 per Bitcoin. This acquisition was funded by selling 3.7M shares, matching the $1.5 billion purchase.
- Total BTC holdings acquired at an average price of $58,263 per BTC, costing $23.4 billion. MicroStrategy targets $42 billion in capital raises to continue its BTC strategy.

## **Bankless Take:**
MicroStrategy’s relentless accumulation cements its status as a corporate Bitcoin pioneer. By leveraging equity and fixed-income raises, the firm is aligning its long-term vision with Bitcoin’s scarcity. However, sustained success hinges on BTC’s appreciation; significant market downturns could amplify shareholder risks. Michael Saylor’s advocacy could inspire broader institutional adoption, further intertwining Bitcoin with corporate finance.
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