BREAKING: MicroStrategy Buys 55,500 BTC Worth $5.4 Billion
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.
READ MORE:
State Street Advisor Highlights Bitcoin’s Threat to Gold’s StabilityMicroStrategy’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.
You may also like
Sui to launch Bitcoin staking
Avalanche launches Avalanche9000 testnet, its largest upgrade to date
Ether gains momentum as capital shifts from bitcoin and derivatives activity increases
Capital flows are shifting from bitcoin to ether, with derivatives market activity signaling growing confidence in ether’s near-term upside, analysts said.Ether has surged over 6% while in the past 24 hours, while bitcoin saw a slight decline, as open interest and demand for call options hit record highs for the second-largest cryptocurrency by market cap.
Trending news
MoreCrypto prices
More
