MicroStrategy, fronted by outspoken Bitcoin bull and Executive Chairman Michael Saylor, added to its sizable Bitcoin holdings Monday, purchasing 21,550 BTC—or $2.1 billion worth.

The purchase is the latest 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 then, 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 more than 423,650 Bitcoin, making it the asset’s most significant corporate treasury reserve holder. That’s more than $40 billion worth as of this writing.

Here’s a look back at MicroStrategy’s five largest Bitcoin 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 
Total Spend: $5.4 billion 

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Author: Logan Hitchcock