MicroStrategy Acquires 51,780 BTC for $4.6 Billion

3 hours ago

MicroStrategy, led by Michael Saylor, announced a new Bitcoin purchase, increasing its holdings to 331,200 BTC.

Details of the Latest Purchase

Between November 11-17, 2024, MicroStrategy acquired an additional 51,780 bitcoins, spending approximately $4.6 billion. According to the company, the average cost per bitcoin was approximately $88,627.

Michael Saylor's Statement

MicroStrategy founder Michael Saylor announced the purchase, noting the company's achievement of a 20.4% return for the quarter and 41.8% for the year. As of November 17, 2024, the company held 331,200 bitcoins acquired at an average price of $49,874 per unit.

MicroStrategy purchased 51,780 BTC for 4.6 billion at a cost of approximately $88,627 and achieved a BTC Return of 20.4% QTD and 41.8% YTD. As of November 17, 2024, we hold 331,200 BTC purchased at an average price of $49,874 for approximately 16.5 billion.Michael Saylor

Company's Financial Results

As a result of recent acquisitions, MicroStrategy's current Bitcoin portfolio is valued at $16.5 billion. Such strategic investments in cryptocurrency by the company are aimed at providing long-term economic benefits.

The additional Bitcoin purchases underscore MicroStrategy's long-term commitment to cryptocurrencies, which may influence the market and investors.

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