BREAKING: MicroStrategy Purchases $2 Billion Worth of Bitcoin

MicroStrategy, the largest corporate holder of Bitcoin, has announced its recent acquisition of approximately 27,200 bitcoins between October 31 and November 10, 2024, for a total of $2.03 billion.

The average price per Bitcoin for this purchase was around $74,463, including fees and expenses. This move was funded by proceeds from the company’s issuance and sale of shares under its Sales Agreements.

MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, we hodl 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR https://t.co/uCt8nNUVqd

— Michael Saylor⚡️ (@saylor) November 11, 2024

As of November 10, 2024, MicroStrategy’s total Bitcoin holdings, which include the company and its subsidiaries, stand at approximately 279,420 BTC.

These assets have been acquired at a total cost of around $11.9 billion, with an average price of about $42,692 per Bitcoin. The company continues to strengthen its position as a key player in the Bitcoin market.

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Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.