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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