MicroStrategy, a business intelligence firm, has purchased 16,130 Bitcoin in November for approximately $593.3 million, at a price of $36,785 per Bitcoin. This brings the company's total Bitcoin holdings to 174,530, worth roughly $6.6 billion at the time of publication. MicroStrategy has consistently been purchasing large volumes of Bitcoin since adopting it as its treasury reserve asset in August 2020 and reported a gain of $900 million for its Bitcoin holdings in Q3 of 2023.

Microstrategy has purchased approximately 16,130 bitcoins for about $593.3 million in cash.

On November 30th, Microstrategy, Inc. (NASDAQ code: MSTR) announced that, according to a sales agreement signed with Cowen and Company, LLC, Canaccord Genuity LLC, and BTIG, LLC (collectively referred to as "agents") on November 30th, 2023, the company plans to raise up to $750 million by selling Class A common stock. The face value of these Class A common stocks is $0.001 per share and will be traded on the Nasdaq Global Select Market under the trading code "MSTR".<br>As of November 28th, 2023, the last trading price of Microstrategy Class A common stock on the Nasdaq Global Select Market was $505.87 per share. According to the supplemental prospectus, the sale of these common stocks may be conducted at market prices and in any manner permitted by law, and may be deemed a "sale on the market" (as defined in Section 415(a)(4) of the Securities Act of 1933, as amended).

According to Coindesk data on November 13th, MicroStrategy's Bitcoin holdings have gained over $1.1 billion (+25%), currently holding over 158,000 Bitcoins.

MicroStrategy co-founder Michael Saylor provided a comprehensive outlook on the development trajectory of Bitcoin for the next four to five years at the 2023 Australian Cryptocurrency Conference. Saylor talked about the long-awaited Bitcoin halving in 2024. He predicted that next year will be crucial for Bitcoin and expects BTC to become a "teen mainstream asset" by the end of 2024. Looking ahead to 2024-2028, Saylor predicts that BTC will enter a high-growth phase. He expects large global technology and banking industries to widely adopt digital assets, integrating digital assets into their products and services. The competition between companies such as Apple and Meta (Facebook) to acquire BTC for hefty profits is expected to intensify. He also pointed out a key factor involving major financial institutions such as JPMorgan Chase, Morgan Stanley, Goldman Sachs, Bank of America, and Deutsche Bank. Saylor expects them to potentially participate in activities such as lending, providing mortgage loans, customization, and buying and selling Bitcoin.

According to saylortracker data, the unrealized profit of Bitcoin held by MicroStrategy has reached 1 billion US dollars. In October, MicroStrategy purchased an additional 155 BTC for $5.3 million, bringing the company's total holdings to 158,400 BTC.

MicroStrategy announced its Q3 2023 earnings report, which showed that the company had once again increased its BTC holdings by 155 coins at a price of $5.3 million in October. As of October 31, 2023, MicroStrategy holds a total of 158,400 bitcoins, with a total cost of $4.69 billion and a holding cost of $29,586 per coin.

TD Cowen analyst Lance Vitanza estimates that MicroStrategy's stock price is about 30% higher than its enterprise value due to its holding of 158,245 bitcoins as of September. He said that if the SEC approves a bitcoin ETF in the coming months, the premium may decrease by 15% to 25%. Vitanza gave MicroStrategy a "outperform" rating and said that the premium would decrease but not to zero.

Michael Saylor, the founder of MicroStrategy, stated in a recent article discussing Bitcoin's dominance that when people examine the cumulative returns brought by Bitcoin, its outstanding performance becomes apparent. In a total asset return table shared by Saylor, Bitcoin's return rate reached an astonishing 1,120,785% from 2011 to 2023, equivalent to an annualized return rate of 147.5%, a staggering number. Compared to traditional asset classes such as the US Nasdaq 100 Index or US large-cap stocks, these numbers are impressive, as both assets, while performing strongly themselves, fall far behind Bitcoin's return rate. According to the shared data, the US Nasdaq 100 Index has risen 613% since 2011, while US large-cap stocks have risen 315%.

Lookonchain monitoring shows that as the price of BTC soars, MicroStrategy's holding of 158,245 BTC ($5.4 billion) has generated approximately $746 million in unrealized profits. Since May 2022, MicroStrategy has purchased 28,560 BTC ($734 million) at an average price of $25,707, which has lowered its average purchase price to $29,582.