Home » Bitcoin » MicroStrategy’s Bitcoin Stash Soars to $22 Billion

MicroStrategy’s Bitcoin Stash Soars to $22 Billion

11.11.2024 18:00 1 min. read Alexander Stefanov
SHARE: SHARES
MicroStrategy’s Bitcoin Stash Soars to $22 Billion

MicroStrategy has seen its Bitcoin holdings soar in value, surpassing $22 billion as Bitcoin’s price surged above $82,000.

The business intelligence company now holds 279,420 BTC, worth approximately $22.9 billion, reflecting a 110% gain on its investment.

This remarkable growth stems from MicroStrategy’s consistent Bitcoin accumulation strategy, with an average purchase price of $39,292 across 42 separate buys.

As the largest corporate Bitcoin holder, MicroStrategy leads the way, far outpacing companies like Marathon Digital and Riot Platforms, which have holdings valued at $2.1 billion and $840 million, respectively.

The company has ambitious plans to expand its Bitcoin portfolio even further, aiming to raise $42 billion over the next three years through its “21/21” initiative, which combines $21 billion in equity with $21 billion in fixed-income securities.

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.

Telegram

SHARE: SHARES
More Bitcoin News
No Comments yet!

Your Email address will not be published.