MicroStrategy, renowned for its massive Bitcoin holdings, has made its largest purchase yet. On Nov. 18, the firm announced the acquisition of 51,780 BTC for $4.6 billion, averaging $88,627 per Bitcoin. This brings its total holdings to a staggering 331,200 BTC, purchased at a combined cost of $16.5 billion, with an average price of $49,874 per Bitcoin.

This purchase, funded by proceeds from a share sale agreement finalized on Oct. 30, highlights the company’s aggressive Bitcoin strategy. The agreement involved major financial players such as TD Securities and Barclays, enabling MicroStrategy to sell 13.6 million shares between Nov. 11 and 13, raising $4.6 billion. Despite this, the firm retains $15.3 billion worth of shares available for future sales, according to filings with the U.S. Securities and Exchange Commission.

The acquisition coincided with Bitcoin shattering its all-time high, crossing $90,000 on Nov. 12 and reaching $92,400 the following day. This marked the largest single Bitcoin purchase by MicroStrategy, representing over 16% of its total holdings. CryptoQuant data confirms it as the company’s biggest BTC buy to date.

Since its first Bitcoin investment in August 2020, MicroStrategy has cemented its position as the largest institutional Bitcoin holder globally. Under its ambitious “21/21 plan,” the company aims to raise $42 billion over the next three years to continue expanding its Bitcoin reserves. Founder Michael Saylor remains bullish, stating that Bitcoin’s climb will continue, dismissing the possibility of significant retracements.

MicroStrategy’s commitment underscores the growing institutional confidence in Bitcoin, solidifying its role as a digital gold standard.