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.
— 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 bitcoins.
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.
At the time of writing, Bitcoin is trading at around $82,000 after an incredible 19% surge in the past 7 days.
