$BTC
💸 MicroStrategy Buys More BTC
Michael Saylor announced that MicroStrategy has acquired an additional 51,780 BTC — a significant amount.
➡️ The average purchase price for this batch of BTC is $88,627.
In total, the company now holds 331,200 BTC ($29.7 billion) with an average purchase price of $49,874 per Bitcoin. 💰
MicroStrategy is at it again, buying more Bitcoin! As of November 18, 2024, they own approximately 331,200 Bitcoins, with an average purchase price of $39,292.18 per coin and a total cost of $9.91 billion. This isn't a one-time purchase; MicroStrategy has been consistently buying Bitcoin throughout 2024.
In fact, just recently, they acquired 51,780 BTC for a staggering investment of over $4 billion. This move has triggered a 15% surge in their stock price and set the stage for other companies to follow suit. Japanese firm Metaplanet, for instance, announced its latest purchase of 124 Bitcoins for 1.75 billion Japanese Yen, increasing their total Bitcoin holdings to 1,142.287 BTC.
MicroStrategy's CEO, Michael Saylor, has been vocal about his support for Bitcoin, and their company's investment strategy has been paying off. Their stock price has rallied 400% in 2024 so far. With other companies like Marathon Digital and Semler Scientific announcing their Bitcoin purchases, it's clear that institutional interest in cryptocurrency is on the rise.
Key Takeaways:
- MicroStrategy's Bitcoin Holdings: 331,200 BTC, with an average purchase price of $39,292.18 per coin
- Recent Purchase: 51,780 BTC for over $4 billion
- Institutional Interest: Other companies like Metaplanet, Marathon Digital, and Semler Scientific are also investing in Bitcoin
Would you like to know more about MicroStrategy's investment strategy or the current state of institutional investment in cryptocurrency?
A bold move — perhaps they know something we don’t? 🤔