MicroStrategy, the largest corporate holder of bitcoin, has announced a substantial acquisition of approximately 27,200 bitcoins, purchased between October 31 and November 10, 2024, with a total value of $2.03 billion.
Average Bitcoin Purchase Price and Funding Source
For each bitcoin purchased, the company paid an average of $74,463, which includes all fees and additional costs. MicroStrategy financed this purchase through proceeds obtained from the sale and issuance of its own shares under sales agreements.
Total Bitcoin Holdings of MicroStrategy to Date
To date, MicroStrategy, along with its subsidiaries, holds around 279,420 BTC. The total cost for these assets amounts to approximately $11.9 billion, with an average price of $42,692 per bitcoin. This move further solidifies MicroStrategy’s position as a major player in the bitcoin market and underscores its long-term commitment to the cryptocurrency.
Bitcoin Continues to Strengthen
At the time of writing, bitcoin is trading around $82,000, marking an impressive 19% increase over the past seven days.
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