MicroStrategy buys 51,780 BTC for $4.6 billion

With the purchase of 51,780 Bitcoin worth $4.6 billion, MicroStrategy solidifies its position as the publicly traded company with the largest Bitcoin reserves. Michael Saylor's company remains true to its Bitcoin strategy as the BTC exchange rate moves toward an all-time high.

According to a post by Michael Saylor on X, MicroStrategy purchased this huge amount of Bitcoin at an average price of $88,627 per BTC. The purchases were funded from recent capital raises. On average, the BTC purchased by MicroStrategy have a cost of $49,874.

The size of this latest purchase was larger than expected. MicroStrategy now owns 1.58 percent of the maximum 21 million Bitcoin ever available.

Bitcoin reserves and future plans

With the latest purchase, MicroStrategy has 331,200 BTC at its disposal, with a total value of $29.74 billion at the current exchange rate of about $89,800 - down 1.1 percent from yesterday.

According to founder and CEO Michael Saylor, the goal is to make MicroStrategy the first "trillion-dollar Bitcoin company." The company has laid out a plan, called the 21/21 Plan, through which it plans to raise $42 billion in additional capital to further invest in Bitcoin. MicroStrategy wants to transform itself into a "Bitcoin bank" in the future.

Shares of MicroStrategy outperform Bitcoin

At the time of writing, MicroStrategy (MSTR) shares stand at $340.65, up 3.96 percent since the stock market closed last Friday. Since the beginning of this year, the stock has shown impressive results, growing as much as 440 percent. By comparison, the Bitcoin share price rose 103 percent during the same period.

MicroStrategy remains not only a forerunner in Bitcoin investment, but also sets the tone for how companies can position themselves in the world of digital assets. What the future holds for this "Bitcoin bank" will be followed with great interest.