MicroStrategy’s Bitcoin Holdings Hit Record $23B Following $2B Buy-In

Last Updated on November 12, 2024

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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.

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.

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.

About The Author

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Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

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