MicroStrategy has amassed 761,068 Bitcoin-roughly 3.6% of the total supply-valued at nearly $54 billion as Bitcoin trades above $70,000.
Co-founder Michael Saylor continues his “buy the top forever” strategy, raising the firm’s average acquisition cost to $75,700 per coin-over seven times its initial purchase price.
Here are MicroStrategy’s seven largest Bitcoin buys:
1) 55,500 BTC - November 25, 2024
Average price: $97,862 | Total spend: $5.4 billion
Bitcoin dipped 4% post-announcement, falling below $94,000.
2) 51,780 BTC - November 18, 2024
Average price: $88,627 | Total spend: $4.6 billion
Bitcoin rebounded to a daily high of $92,653 and hit a new all-time high above $94,000 the next day.
3) 29,646 BTC - December 21, 2020
Average price: $21,925 | Total spend: $650 million
Price remained stable around $23,500-$23,800 in the 24 hours following the buy.
4) 27,200 BTC - November 11, 2024
Average price: $74,463 | Total spend: $2.03 billion
Bitcoin surged over 10% the same day, closing at $88,637 after Trump’s election win.
5) 22,337 BTC - March 16, 2026
Average price: $70,194 | Total spend: $1.57 billion
Price briefly rose above $75,000 before retreating under $70,000 days later.
6) 22,305 BTC - January 20, 2026
Average price: $95,284 | Total spend: $2.1 billion
Amid trade tensions and geopolitical noise, Bitcoin fell more than 8% to $87,650 shortly after.
7) 22,048 BTC - March 31, 2025
Average price: $89,969 | Total spend: $1.92 billion
Bitcoin closed the quarter at $82,514-over $7,000 below acquisition price-as MSTR shares initially dropped 3%.
MicroStrategy funds many purchases through its preferred stock offering, Stretch (STRC), issued when trading above $100.