MicroStrategy’s Bitcoin hoard now tops roughly 843,738 BTC — about 4% of Bitcoin’s fixed 21 million supply — worth nearly $65 billion at today’s BTC price (~$76,500). What began as a push to “maximize long-term value for shareholders” has turned the once-software firm into the poster child for corporate Bitcoin treasuries, reshaping how public companies interact with crypto markets. Executive Chairman Michael Saylor has repeatedly said he’ll “buy the top forever,” a posture that has pushed MicroStrategy’s average entry price above $75,700 per BTC — more than seven times the company’s first acquisition cost. Many of its buys were financed with convertible notes and with its dividend-paying preferred share, Stretch (STRC), which the company issues and then uses the proceeds to buy Bitcoin when it trades above $100. Below are MicroStrategy’s seven largest BTC purchases to date and how markets reacted around each announcement (price moves measured from the time of Saylor’s public posts). 1) Nov 25, 2024 — Largest-ever buy - Size: 55,500 BTC - Average price: $97,862 - Total spend: ~$5.4 billion - Reaction: Bitcoin fell about $4,000 in the hours after the announcement, dropping below $94,000 (roughly a 4% decline from the price MicroStrategy paid). - Context: Saylor’s tweet that day noted MicroStrategy “hodl 386,700 BTC acquired for ~$21.9 billion at ~$56,761 per bitcoin” as of 11/24/2024. 2) Mid-November 2024 — Second-largest buy (one week earlier) - Average price: $88,627 - Total spend: ~$4.6 billion - Reaction: Bitcoin slipped briefly after the announcement, then rebounded to a daily high of $92,653 and the next day climbed to a new all-time high above $94,000. The purchase brought MicroStrategy’s holdings to about 331,200 BTC at the time. 3) Apr 20, 2026 — Third-largest buy - Size: 34,200 BTC - Average price: $74,395 - Total spend: ~$2.54 billion - Funding: Largely financed via Stretch (STRC) - Reaction: Unlike many of its prior announcements, Bitcoin rose more than 1% afterward, trading around $75,907 on April 21 and giving the company a small unrealized gain. The purchase pushed MicroStrategy’s holdings past 815,000 BTC (valued around $62 billion at the time). 4) Dec 2020 — Fourth-largest buy (early accumulation) - Size: 29,645 BTC - Average price: $21,925 - Total spend: ~$650 million - Reaction: Market response was muted; Bitcoin’s price was effectively unchanged in the 24 hours around the disclosure (CoinGecko shows an open of $23,518 on Dec 21 and a close of $23,795 the next day). 5) Nov 11, 2024 — Purchase after U.S. election announcement - Size: 27,200 BTC - Average price: $74,463 - Total spend: ~$2.03 billion - Reaction: BTC surged more than 10% on the day of Saylor’s announcement, closing at $88,637 and setting a fresh all-time high after the election. 6) May 18, 2026 — Sixth-largest buy - Size: ~25,000 BTC - Average price: $80,985 - Total spend: ~$2.01 billion - Funding: Bought using proceeds from STRC issuance - Reaction: Bitcoin fell after the announcement — down nearly 4.5% to about $77,207 within two days and later dipped below $75,000 for the first time in over a month. 7) Late Q1 2026 — Seventh-largest buy - Size: 22,337 BTC - Average price: $70,194 - Total spend: ~$1.57 billion - Funding: Also funded in part by STRC issuance - Reaction: BTC initially rose above $75,000 on the day of the purchase but then retreated, briefly falling back under $70,000 in subsequent days. Why it matters MicroStrategy’s aggressive, high-dollar strategy has not only accumulated an enormous stash of Bitcoin but also helped fuse corporate finance, capital markets, and crypto. Its purchases have often moved markets—sometimes sparking rallies, other times coinciding with short-term pullbacks — highlighting how a single, well-known corporate buyer can influence price dynamics. The firm’s reliance on convertible debt and the STRC preferred share also illustrates evolving funding pathways companies can use to add crypto to their balance sheets. Editor’s note: This story was originally published Nov. 19, 2024, and updated May 24, 2026, with new purchase details. Read more AI-generated news on: undefined/news