MicroStrategy (MSTR, Financial) just dropped a bombshell—again. Between October 31 and November 10, Michael Saylor's Bitcoin-loving juggernaut scooped up 27,200 BTC for $2.03 billion. That's $74,463 a coin, in case you're counting. This brings their total Bitcoin stash to a jaw-dropping 279,420 BTC—about 1.3% of all Bitcoin in circulation. With BTC hitting an all-time high of $83,887, MicroStrategy is now sitting on a treasure chest worth over $20 billion. Translation? They're up more than $10 billion in unrealized gains, showing the world they're not just dabbling in crypto—they're all in.
Here's the kicker: MicroStrategy didn't just whip out its wallet for this buy. The company leaned heavily on equity sales to fund the purchase. After burning through a $2 billion stock-sale agreement inked in August, they're now drawing from an even bigger $21 billion pact signed in late October. Sure, issuing shares raises the specter of dilution, but investors don't seem to mind. In fact, MicroStrategy shares nearly 19%, hitting nearly $321. And why not? Each share now represents more than 0.001244 BTC—a tidy chunk of the action as Bitcoin climbs.
The timing couldn't be better. Bitcoin is smashing records, surging 18% in the past week to cross $81,000. Meanwhile, Saylor isn't resting on his laurels. He's hinted at more buys under their “21/21 plan,” aiming to raise $42 billion to hoard even more BTC. Love it or hate it, this move cements MicroStrategy's role as the poster child for corporate Bitcoin adoption. For investors, it's a high-stakes play—but if Bitcoin keeps climbing, this strategy might just rewrite the playbook for corporate treasury management.
