- MicroStrategy’s Bitcoin holdings amount to over $23.5 billion
- The latest Bitcoin purchase comes as MicroStrategy raised $2.03 billion to buy more Bitcoin
- The company’s newest haul is at a time when Bitcoin reached an all-time high above $84,000
MicroStrategy has added to its haul of Bitcoin.
On November 11, Michael Saylor, founder of MicroStrategy, which is the biggest corporate holder of Bitcoin, announced the publicly traded company had acquired another 27,200 BTC for over $2 billion.
The news coincided with the surge in Bitcoin’s price – which reached an all-time high above $84k.
Earlier, the world’s largest and most popular cryptocurrency had traded above $82k. This follows sentiment from Donald Trump’s US presidential election victory, which continues to create a bullish buzz.
MicroStrategy and its $23.5 billion in BTC purchases
The latest Bitcoin purchase for MicroStrategy comes after the company raised $2.03 billion. Earlier, MicroStrategy had revealed plans to raise $42 billion to buy more Bitcoin – a scenario that has added to the overall bullish sentiment around the benchmark cryptocurrency.
Saylor said his company spent these proceeds on buying an additional 27,200 BTC. With this acquisition, which was finalized at the average price of $74,463, MicroStrategy now has a total of 279,420 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
In total, the company has spent $11.9 billion to buy BTC at the average price of $42,692 per coin. At current price of $84,153, MicroStrategy’s Bitcoin holdings amount to over $23.5 billion.
The BTC has achieved a yield of 7.3% quarter to date and 26.4% year-to-date.
“Our MSTR treasury operations in the first 10 days of November resulted in a BTC Yield of 7.3%, a net benefit to our shareholders of ~18,410 BTC,” Saylor posted on X.