MicroStrategy, the enterprise intelligence firm based by Michael Saylor and now the most important firm holding Bitcoin (BTC), has added to its lineup of digital property.
On Monday, Saylor introduced that the publicly traded firm had acquired an extra 27,200 BTC for over $2 billion. The information coincided with Bitcoin’s value surge – which hit a brand new all-time excessive above $84,000.
Beforehand, the world's largest and hottest cryptocurrency was buying and selling at over $82,000. This follows sentiment sparked by Donald Trump's election victory, which continues to create a bullish buzz.
MicroStrategy its $22 billion in BTC purchases
The most recent Bitcoin buy for MicroStrategy comes after the corporate raised $2.03 billion. Earlier, MicroStrategy revealed plans to boost $42 billion to purchase extra bitcoin – a state of affairs that added to the overall bullish sentiment across the benchmark cryptocurrency.
Saylor stated his firm spent these earnings to buy an extra 27,200 BTC. With this acquisition, accomplished at a mean value of $74,463, MicroStrategy now has a complete of 279,420 bitcoins.
MicroStrategy acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and achieved a BTC return of seven.3% within the quarter and 26.4% year-to-date. As of 11/10/2024, we’re internet hosting 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR https://t.co/uCt8nNUVqd
– Michael Saylor⚡️ (@saylor) November 11, 2024
In whole, the corporate spent $11.9 billion buying BTC at a mean value of $42,692 per coin. On the present value of $84,153, MicroStrategy's Bitcoin holdings stand at over $23.5 billion.
BTC has returned 7.3% quarter-to-date and 26.4% year-to-date.
“Our MSTR treasury operations in the course of the first 10 days of November resulted in a BTC yield of seven.3%, a web profit to our shareholders of roughly 18,410 BTC,” Saylor posted on X.
