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MicroStrategy added $5.4 billion in Bitcoin, bringing its total to 386,700 BTC, as Galaxy Digital's CEO warned of a potential stock correction.
MicroStrategy recently expanded its position as the largest corporate holder of Bitcoin by purchasing approximately $5.4 billion worth of the cryptocurrency [1]. This acquisition brings the company's total holdings to around 386,700 bitcoins, valued at roughly $37 billion at current prices [1]. While the topic suggests a specific timeline for MicroStrategy to overtake Satoshi Nakamoto's holdings, the provided sources do not contain information regarding such a timeline or Galaxy Research's specific projections on that matter.
Key takeaways
Between November 18 and November 24, MicroStrategy purchased approximately 55,500 bitcoins for about $5.4 billion, according to a company filing [1]. This significant acquisition followed a prior purchase of $4.6 billion worth of bitcoin the week before [1]. To finance these recent purchases, the company utilized proceeds from the sale of convertible bonds and new stock [1]. The buying spree has occurred as the cryptocurrency trades near the $100,000 mark, though it was priced just above $95,000 on Monday morning [1]. MicroStrategy, originally a business software provider, has been accumulating bitcoin since August 2020 and intensified its acquisitions this year, particularly following the U.S. presidential election on November 5, as investors bet on a crypto-friendly administration [1].
Despite the increased holdings, MicroStrategy's stock experienced volatility, falling as much as nearly 9% on Monday before paring losses to trade down roughly 5% [1]. The stock's performance, which includes a gain of more than 500% year-to-date, has attracted the attention of short-sellers and market analysts [1]. Mike Novogratz, CEO of Galaxy Digital, told CNBC that he expects a sharper correction in bitcoin-related stocks such as MicroStrategy than in the cryptocurrency itself [1]. Additionally, short-seller Citron Research opened a short position in the stock as a hedge, characterizing the shares as "overheated" even while maintaining a bullish long-term view [1].
MicroStrategy's aggressive accumulation strategy highlights the growing intersection of corporate finance and digital assets, particularly in a political climate perceived as supportive of the crypto industry [1]. However, the divergence between the company's stock performance and the underlying
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 2, 2026 · How we report
The company sold 32 BTC to cover dividend obligations on its STRC preferred shares.
The company's stated strategy is to increase its net Bitcoin holdings and the amount of Bitcoin held per share over time.
The firm frequently utilizes at-the-market equity sales to raise capital for its Bitcoin accumulation drive.
The company's leverage on Bitcoin exposure can amplify volatility, and its preferred dividend structure may necessitate selling Bitcoin at times that are not optimal for the company's treasury.