MicroStrategy Announces New $414.4M Bitcoin Buy

As of today, CEO Michael Saylor says the firm holds 121,044 bitcoins acquired for approximately $3.57 billion at an average price of roughly $29,534 per bitcoin.

by Macauley Peterson /

November 29, 2021 11:36 am

Michael Saylor, CEO, MicroStrategy

MicroStrategy has purchased an additional 7,002 bitcoins at an average price of $59,187 per BTC
Michael Saylor announced the firm’s latest round of bitcoin buying via Twitter after filing a Form 8-K with the SEC

MicroStrategy CEO Michael Saylor championed his company’s latest big bitcoin buy on Twitter Monday morning — a whopping 7,002 BTC totaling $414.4 million in cash with an average entry price of $59,187 per bitcoin.

The announcement follows the filing of a Form 8-K with the Securities and Exchange Commission. The filing reports that the purchases were made between October 1, 2021 and November 29, 2021, and continues the plan Saylor has been communicating for months.

Newsletter

Subscribe to The Breakdown

In June, MicroStrategy announced that it would be selling debt to purchase more bitcoin. The company added $243 million worth of bitcoin in September, bringing its total bitcoin buys for the third quarter to 8,957 bitcoins.

The latest SEC filing, notes that a June 14, 2021 Open Market Sale Agreement, with Jefferies LLC as agent, enabled MicroStrategy to issue and sell shares of its class A common stock, and that it had indeed sold an aggregate of 571,001 shares in the past two months, at an average gross price per share of approximately $732.16, generating net proceeds of approximately $414.4 million — the same amount used to purchase the new bitcoins.

As of today, November 29, 2021, the public company, already the largest such corporate holder of bitcoin, touts an astronomical 121,044 bitcoins on its balance sheet. Saylor reports that these were acquired for approximately $3.57 billion at an average price of around $29,534 per bitcoin, which would put the present value of the BTC at more than $6.9 billion today.

Get the day’s top crypto news and insights delivered to your inbox every evening. Subscribe to Blockworks’ free newsletter now.

Tags

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Digital Asset Summit 2026

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

buy tickets learn more

recent research

Research

Solana DEX Winners: All About Order Flow

Solana's spot trading landscape will remain bifurcated: prop AMMs will own the short-tail of highly liquid pairs, while passive AMMs continue drifting toward the long-tail. Both can win via vertical integration, but in opposite directions: passive AMMs are moving closer to users through token issuance platforms (e.g., Pump-PumpSwap, MetaDAO-Futarchy AMM), while prop AMMs are moving down the stack into transaction landing services and infrastructure (e.g., HumidiFi-Nozomi). The venues most at risk are legacy AMMs with limited end-user control and no durable, launch-driven source of order flow.

by Carlos Gonzalez Campo