Another big buy for 55,500 BTC (worth $5.4B).

The business intelligence firm founded and led by Michael Saylor did it again on Monday, breaking its own record for the largest single bitcoin purchase.

In this week's issue, MicroStrategy said it bought 55,500 BTC at an average price of just under $98,000.

MicroStrategy has gained 55,500 BTC for ~$5.4 billion with ~$97,862 in #bitcoin and BTC has gained 35.2% QTD and 59.3% YTD. In the year Since 11/24/2024 we have bought 386,700$BTC for ~$21.9 billion for ~$56,761 in Bitcoin. $MSTR

— Michael Saylor⚡️ (@saylor) November 25, 2024

Now it has become almost a tradition – the business week begins with the purchase of BTC from the world's largest asset holder.

After last week's $4.6 billion (51,780 BTC) purchase, which Saylor himself named the largest single bitcoin purchase, the company is on a tear again, breaking its own record.

The former CEO of MicroStrategy announced that he bought about 55,500 BTC, worth an estimated $5.4 billion, at an average price of $97,862 per bitcoin. This puts the company's total value at 386,700 BTC, which was bought at an average price of $56,761.

In total, the company has spent around $22 billion to acquire cryptocurrency assets. Given BTC's current price of around $98,000, that stock is now worth nearly $38 billion — or more than $16 billion in paper profits.

Microstrategy's stock price has been on a roll since joining Bitcoin Strategy. Since the beginning of the year alone, MSTR has surged more than 500% in the recent past though.

The interest in MSTR has also increased, because there are some examples where transaction volumes are greater than Apple, Amazon and Meta – combined.