MicroStrategy has followed through on its Bitcoin (BTC) bullishness by buying 27,200 BTC, or roughly $2.03 billion. The transaction was bought between $74,463 per Bitcoin, including fees, at an average price between October 31 and November 10, 2024.
With the purchase of this latest Bitcoin, MicroStrategy’s total BTC holdings increased to 279,420 BTC. It positioned the firm as the largest corporate Bitcoin holder.
Once you step into BTC, it is too far to come back. CEO Michael Saylor has never looked back, and the firm has now invested a total of $11.9 billion into BTC.
The latest addition brings MicroStrategy’s average price for each bitcoin to $42,692, well below the Bitcoin’s current value of almost $87,000. After the U.S. elections, Bitcoin has recently rallied to an all-time high of nearly $87,000 on growing market demand and bullish sentiment.
MicroStrategy Bolsters BTC Holdings Amid Price Surge
MicroStrategy’s most recent Bitcoin acquisition sought to so
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