BREAKING: MicroStrategy Buys 55,500 BTC Worth $5.4 Billion

MicroStrategy, the business intelligence firm led by Michael Saylor, continues to strengthen its position as a leading corporate Bitcoin holder.

The company announced the acquisition of an additional 55,500 BTC, bringing its total holdings to 386,700 BTC.

The latest purchase was made at an average price of $97,862 per Bitcoin, with the company investing approximately $5.4 billion. Cumulatively, MicroStrategy’s total Bitcoin holdings, acquired for $21.9 billion, reflect an average acquisition price of $56,761 per Bitcoin.

Saylor highlighted the impressive performance of the company’s Bitcoin investments, noting a quarter-to-date yield of 35.2% and a year-to-date yield of 59.3% as of November 24, 2024. These gains underscore the company’s long-term commitment to Bitcoin as a key part of its strategy.

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MicroStrategy’s steadfast accumulation has made it a prominent player in the cryptocurrency space, further solidifying its position amid Bitcoin’s ongoing market movements.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.