MicroStrategy, fronted by outspoken Bitcoin bull and Executive Chairman Michael Saylor, added to its sizable Bitcoin holdings Monday with the purchase of 55,500 BTC—or $5.4 billion worth.

The purchase is the latest—and largest—in a string of Bitcoin purchases dating back to 2020, when MicroStrategy and Saylor made the strategic decision to allocate capital to the leading cryptocurrency to “maximize long-term value for shareholders.”

Since that time, the business intelligence firm has reshaped itself into a Bitcoin development company and pioneered the crypto treasury reserve asset model that others have copied. It has also amassed 386,700 Bitcoin as of this writing, making it the largest corporate treasury reserve holder of the asset. That’s more than $36 billion worth, as of this writing.

Here’s a look back at MicroStrategy’s five largest BTC purchases to date and their immediate impacts on the price of Bitcoin, marked from the time of Saylor’s announcements via social media.

#1) 55,500 BTC – November 25, 2024

Average Price: $97,862 

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Author: Logan Hitchcock