MicroStrategy Makes Largest-Ever Bitcoin Buy, Adding $5.4 Billion Worth

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MicroStrategy unveiled a $5.4 billion Bitcoin buy Monday, lifting its complete holdings to 386,700 BTC—or $37.6 billion price—as the corporate topped off its company coffers for the third time this month. It is the agency’s largest-ever Bitcoin buy disclosure, each by way of BTC complete and U.S. greenback worth.

The current buy run, which befell over the previous week, represented MicroStrategy’s largest Bitcoin acquisition because the Tysons Nook, Virginia-based agency began accumulating Bitcoin in August 2020 underneath the management of Government Chairman Michael Saylor.

MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per #bitcoin and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. As of 11/24/2024, we hodl 386,700 $BTC acquired for ~$21.9 billion at ~$56,761 per bitcoin. $MSTR https://t.co/79ExzXk4UM

— Michael Saylor⚡️ (@saylor) November 25, 2024

In a submitting, MicroStrategy mentioned that the $5.4 billion in Bitcoin was bought utilizing the proceeds of convertible notice choices and the gross sales of its shares. Averaging round $97,862 per Bitcoin bought, the corporate mentioned it had obtained round 55,500 Bitcoin utilizing solely money.