MicroStrategy, the enterprise intelligence firm based by Michael Saylor that’s now the biggest company holder of Bitcoin (BTC), has added the digital asset to its haul.
On Monday, Saylor introduced that the publicly traded firm had acquired a further 27,200 BTC for greater than $2 billion. The information coincided with a surge within the worth of Bitcoin – which hit a brand new all-time excessive above $84,000.
Beforehand, the world's largest and hottest cryptocurrency traded above $82,000. It follows sentiment from Donald Trump's election victory, which continues to generate bullish pleasure.
MicroStrategy buys BTC for $22 billion
MicroStrategy's newest bitcoin buy comes after the corporate raised $2.03 billion. Earlier, MicroStrategy revealed plans to lift $42 billion to purchase extra bitcoins — a state of affairs that added to the general bullish sentiment across the benchmark cryptocurrency.
Saylor mentioned his firm spent these proceeds to purchase one other 27,200 BTC. With this acquisition, which was accomplished at a mean worth of $74,463, MicroStrategy now has a complete of 279,420 bitcoins.
MicroStrategy acquired 27,200 BTC price about $2.03 billion for about $74,463 for #bitcoin and BTC has returned 7.3% QTD and 26.4% YTD. As of 11/10/2024, we had 279,420 $BTC raised for ~$11.9 billion for ~$42,692 per bitcoin. $ MSTR https://t.co/uCt8nNUVqd
— Michael Saylor⚡️ (@saylor) November 11, 2024
In whole, the corporate spent $11.9 billion shopping for BTC at a mean worth of $42,692 per coin. On the present worth of $84,153, MicroStrategy's bitcoin holdings are over $23.5 billion.
BTC has returned 7.3% quarter-to-date and 26.4% year-to-date.
“Our MSTR treasury operations within the first 10 days of November resulted in a BTC yield of seven.3%, a internet profit to our shareholders of ~18,410 BTC,” Saylor wrote on X.
