BREAKING: MicroStrategy Buys 55,500 BTC Worth $5.4 Billion

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Cryptodnes2024/11/25 16:22

By:Cryptodnes

MicroStrategy, the business intelligence firm led by Michael Saylor, continues to strengthen its position as a leading corporate Bitcoin holder.

The company announced the acquisition of an additional 55,500 BTC , bringing its total holdings to 386,700 BTC.

The latest purchase was made at an average price of $97,862 per Bitcoin, with the company investing approximately $5.4 billion. Cumulatively, MicroStrategy’s total Bitcoin holdings, acquired for $21.9 billion, reflect an average acquisition price of $56,761 per Bitcoin.

Saylor highlighted the impressive performance of the company’s Bitcoin investments, noting a quarter-to-date yield of 35.2% and a year-to-date yield of 59.3% as of November 24, 2024. These gains underscore the company’s long-term commitment to Bitcoin as a key part of its strategy.

State Street Advisor Highlights Bitcoin’s Threat to Gold’s Stability

MicroStrategy’s steadfast accumulation has made it a prominent player in the cryptocurrency space, further solidifying its position amid Bitcoin’s ongoing market movements.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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