MicroStrategy Holds $65B in Bitcoin — Seven Largest Buys
MicroStrategy holds 843,738 BTC, about 4% of the 21 million supply, worth roughly $65 billion. Below are the company’s seven largest Bitcoin purchases and market responses.
MicroStrategy has accumulated 843,738 BTC, about 4% of Bitcoin’s fixed 21 million supply. At Bitcoin prices above $76,500, the holding is worth roughly $65 billion.
The Tysons Corner, Virginia software firm began buying bitcoin more than five years ago after shifting its balance-sheet strategy. CEO and co-founder Michael Saylor has described the policy as ‘buying the top forever.’ MicroStrategy’s average acquisition cost stands above $75,700 per coin.
On Nov. 25, 2024, MicroStrategy announced its largest single purchase by both bitcoin and dollar value: 55,500 BTC for about $5.4 billion at an average price near $97,862. In the hours after that announcement, bitcoin fell roughly $4,000 to under $94,000, a decline of about 4% from the price MicroStrategy paid.
A week earlier, on Nov. 18, 2024, the company bought 51,780 BTC at an average of $88,627 for about $4.6 billion. Bitcoin dropped shortly after that announcement, then rebounded to a daily high near $92,653 and reached a new all-time high above $94,000 the following day.
On April 20, 2026, MicroStrategy bought 34,200 BTC for about $2.54 billion at an average price near $74,395. That purchase was funded in part by sales of the firm’s Stretch preferred share, STRC, and pushed MicroStrategy’s holdings past 815,000 BTC. Bitcoin ticked up after the April announcement, trading above $75,900 the next day.
The company’s December 2020 purchase remains large by bitcoin terms: on Dec. 21, 2020 MicroStrategy disclosed buying 29,646 BTC for about $650 million at an average near $21,925. The market showed little net change in the 24 hours around that disclosure.
Less than a week after the U.S. presidential election in November 2024, MicroStrategy reported buying 27,200 BTC for about $2.03 billion at an average price of roughly $74,463. After the company announced the acquisition on Nov. 11, bitcoin surged, closing the day at $88,637, a gain of more than 10%.
In May 2026, MicroStrategy used proceeds from its STRC preferred share program to buy 24,869 BTC on May 18 for about $2.01 billion at an average near $80,985. Bitcoin declined in the days after that announcement, falling about 4.5% to roughly $77,200 within two days and later slipping below $75,000.
Earlier in 2026, on March 16, the company acquired 22,337 BTC for about $1.57 billion at an average of $70,194. Bitcoin rose above $75,000 on the day of that purchase before retreating to under $70,000 in subsequent days.
MicroStrategy financed many early purchases with convertible notes and has relied on its STRC preferred shares to raise cash for later acquisitions when market conditions allowed. The company’s large, publicized buys have been followed at times by short-term price declines and at other times by price gains.
MicroStrategy reports it will continue adding bitcoin to its balance sheet over the long term. The company’s disclosed purchases total 843,738 BTC and represent about 4% of the total bitcoin supply.
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