MicroStrategy has increased its Bitcoin holdings to 331,200 BTC, following the acquisition of 51,780 BTC for approximately $4.6 billion. The company now has an average purchase price of $88,627 per Bitcoin. This comes just after the purchase of 27,200 BTC for around $2 billion.

Since starting its Bitcoin strategy in 2020, MicroStrategy has invested $16.5 billion to accumulate its total Bitcoin reserve at an average price of $49,874 per Bitcoin.

To fund its ongoing Bitcoin purchases, MicroStrategy plans to raise $1.75 billion through zero-interest convertible notes, maturing in 2029. If the funds are used to buy Bitcoin at current prices, the company could acquire an additional 19,065 BTC. Over the next three years, MicroStrategy intends to raise $42 billion for further Bitcoin investments as part of its “21/21” initiative.

Bitcoin’s recent price surge has contributed to its market capitalization exceeding $1.8 trillion. MicroStrategy’s stock price has also risen, reflecting the broader market interest in Bitcoin. As of Nov. 18, the company’s market value stands at around $69 billion.

MicroStrategy currently holds more than 1% of Bitcoin’s total supply, reinforcing its position as a significant holder in the market.