MicroStrategy Buys Additional $2.03B Bitcoin in Latest Purchase

• MicroStrategy bought thousands of Bitcoins for $2.03 billion. 
• The company’s latest acquisition came after BTC reached a new all-time high. 
• The crypto asset traded above $84,000 at the time of writing. 

Business intelligence firm and corporate Bitcoin holder MicroStrategy has bolstered its massive BTC holdings with a fresh acquisition worth billions of dollars. 

MicroStrategy’s latest Bitcoin acquisition came after the crypto asset’s price breached the $80,000 mark for the first time in history following Donald Trump’s U.S. presidential election victory. CoinMarketCap data shows that BTC had surged 5.84% in the last 24 hours to exchange hands at $84,444 at the time of writing. 

MicroStrategy Buys 27,200 Bitcoins

According to a press release dated November 11, MicroStrategy bought 27,200 Bitcoins for about $2.03 billion in cash at an average price of $74,463 per BTC, including fees and expenses. The Bitcoins were acquired between October 31 and November 10 using proceeds from the issuance of stock sales. 

The purchase represents MicroStrategy’s largest Bitcoin acquisition since it announced in December 2020 that it had bought 29,646 BTC. Based on Monday’s record price of over $84,000 for the original cryptocurrency, it brought the company’s total Bitcoin holdings to about $23 billion. 

“As of November 10, 2024, the Company, together with its subsidiaries, held an aggregate of approximately 279,420 bitcoins, which were acquired at an aggregate purchase price of approximately $11.9 billion and an average purchase price of approximately $42,692 per bitcoin, inclusive of fees and expenses,” the statement read. 

MicroStrategy’s Bitcoin portfolio tracker indicated the company’s return on investments in its BTC holdings at 96.53% following the fresh acquisition. Per BitcoinTreasuries data, MicroStrategy remains the largest corporate Bitcoin holder ahead of Marathon Digital and Riot Platforms, which hold $2.1 billion and $840 million worth of the original crypto, respectively. 

Read about MicroStrategy’s “exclusive” relationship with Bitcoin:
Saylor Leaks MicroStrategy’s ‘Exclusive Relationship’ with Bitcoin  

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