Key Takeaways:
- MicroStrategy’s total Bitcoin holdings now stand at 279,420 BTC, valued at approximately $23 billion, following a $2.03 billion purchase of 27,200 BTC.
- The latest purchase was funded by stock sales, with $2 billion raised through selling 7.8 million shares between August and November 2023.
- MicroStrategy’s Bitcoin ROI has surpassed 100%, making it the largest corporate BTC holder with an average acquisition cost of $39,292 per BTC.
MicroStrategy has expanded its Bitcoin holdings to 279,420 BTC, now worth nearly $23 billion.
The company, led by executive chairman Michael Saylor, disclosed on November 11 that it bought an additional 27,200 BTC between October 31 and November 10, investing about $2.03 billion in cash at an average price of $74,463 per Bitcoin.
MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, we hodl 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR https://t.co/uCt8nNUVqd
— Michael Saylor⚡️ (@saylor) November 11, 2024
This purchase was funded by the sale of 7.8 million company shares, generating $2 billion in total by November 10.
This latest acquisition follows MicroStrategy’s strategy of growing its Bitcoin portfolio, which has delivered a year-to-date yield of 26.4% for the company.
Additionally, the company’s stock price rose following Donald Trump’s re-election, spiking nearly 20% by November 8.
BREAKING: MicroStrategy buys another 27,200 #Bitcoin for $2.03 billion. pic.twitter.com/6OPxXBvNYo
— Bitcoin Magazine (@BitcoinMagazine) November 11, 2024
According to “Saylor Tracker,” MicroStrategy’s return on Bitcoin investment has now surpassed 100%, underscoring its successful pivot to cryptocurrency.
With an average BTC purchase price of $39,292, the firm has firmly established itself as the largest corporate Bitcoin holder.
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