MicroStrategy, a software firm turned Bitcoin treasury company, has accumulated 843,738 BTC—roughly 4% of the fixed 21 million total Bitcoin supply—worth nearly $65 billion at current Bitcoin prices above $76,500. The company has been buying BTC for more than five years, pioneering the growing trend of publicly traded firms that are adding cryptocurrencies to their balance sheets. What began as a way to "maximize long-term value for shareholders" has transformed into an industry-shifting paradigm further fueled by greater entwinement of traditional financial markets and crypto.
MicroStrategy co-founder and Executive Chairman Michael Saylor has committed to "buying the top forever," pulling the firm's average entry price to over $75,700 per Bitcoin—over seven times the average cost of the firm's first Bitcoin purchase.
Largest Bitcoin Purchases
1. November 25, 2024: 55,500 BTC for $5.4 Billion
Michael Saylor announced MicroStrategy's largest-ever purchase of Bitcoin on November 25, 2024, acquiring 55,500 BTC at an average price of $97,862 per coin for a total spend of $5.4 billion. The purchase surpassed the firm's previous top acquisition by more than $800 million.
In the hours after the announcement, Bitcoin dropped by about $4,000 to under $94,000, a 4% decrease from the average price paid by MicroStrategy.
2. November 18, 2024: 51,780 BTC for $4.6 Billion
The second-largest Bitcoin purchase in MicroStrategy history came one week before its largest-ever purchase. The firm acquired 51,780 BTC at an average price of $88,627 per coin for a total spend of $4.6 billion, bringing its holdings to 331,200 BTC.
Bitcoin dropped shortly after the announcement but rebounded, reaching a daily high of $92,653. The following day, Bitcoin hit a new all-time high price above $94,000.
3. April 20, 2026: 34,200 BTC for $2.54 Billion
MicroStrategy announced its third-largest Bitcoin purchase on April 20, 2026, adding 34,200 BTC at an average price of $74,395 per coin for a total spend of $2.54 billion. The purchase pushed total holdings to over 815,000 BTC, valued around $62 billion shortly after.
Unlike previous purchases funded via convertible notes, this acquisition was fueled by Stretch (STRC), the firm's dividend-paying preferred share. Following the announcement, Bitcoin moved higher by more than 1% and was trading around $75,907 on April 21.
4. December 21, 2020: 29,646 BTC for $650 Million
MicroStrategy's fourth-largest Bitcoin purchase occurred in December 2020 amid rising Bitcoin prices and bull market sentiment. The firm acquired 29,645 BTC at an average price of $21,925 per coin for a total spend of $650 million.
Bitcoin price remained relatively unchanged in the 24 hours around the announcement, opening at $23,518 on December 21 and closing one day later at $23,795.
5. November 11, 2024: 27,200 BTC for $2.03 Billion
Less than one week after Donald Trump won his second presidential election, MicroStrategy announced a purchase of 27,200 BTC at an average price of $74,463 per coin for a total spend of $2.03 billion. The stash was purchased during October 31 to November 10, when Bitcoin ranged from $72,000 to $80,000.
Following Saylor's announcement on the morning of November 11, Bitcoin moved upwards, closing the day at $88,637—a move of more than 10%—after setting a new all-time high price.
6. May 18, 2026: 24,869 BTC for $2.01 Billion
MicroStrategy acquired nearly 25,000 Bitcoin valued at more than $2.01 billion in May 2026 using its preferred stock offering (STRC). The purchase, at an average price of $80,985 per coin, was its sixth-largest by Bitcoin denomination and pulled the firm's average BTC acquisition price to around $75,701.
Bitcoin fell shortly after the purchase was announced. Within two days of the May 18 announcement, BTC had fallen nearly 4.5% to trade at $77,207, later dipping below $75,000 for the first time in over a month.
7. March 16, 2026: 22,337 BTC for $1.57 Billion
MicroStrategy made its third-largest purchase of 2026 near the end of the first quarter, acquiring 22,337 BTC at an average price of $70,194 per coin for a total spend of $1.57 billion. This large buy was spurred by continued sales of Stretch (STRC), which pays a dividend to holders and is occasionally issued when it trades above $100. When that occurs, the firm uses the raised funds to buy more Bitcoin.
BTC ranged upwards from the average purchase price of $70,194, breaching $75,000 on the same day the purchase was announced. In the days that followed, however, the price retreated briefly back to under $70,000.
