MicroStrategy expands Bitcoin holdings with huge purchases, boosting its portfolio.
Bitcoin price surges to new highs, fueled by MicroStrategy’s bold buying strategy.
MicroStrategy funds Bitcoin investments through share sales, continuing its investment plan.
MicroStrategy just made history with one of the largest Bitcoin purchases ever, buying 51,780 BTC for $4.6 billion. Even more remarkable, the entire purchase was executed within just one week at an average price of $88,627 per Bitcoin.
This latest purchase brings MicroStrategy’s total Bitcoin holdings to 331,200 BTC, up from their previous 279,420 BTC, at an average cost basis of $49,874 per coin.
The Market Value to Realized Value (MVRV) ratio shifted from 2.12 to 1.80, showcasing the impact of this high-volume purchase on its portfolio metrics. Notably, MicroStrategy now owns approximately 1.674% of the circulating Bitcoin supply, up from 1.412%.
MicroStrategy’s Bitcoin Acquisition Strategy
MicroStrategy funded this purchase through share sales. Between November 11 and 13, the company sold 13.6 million shares, raising $4.6 billion.
Despite the scale of this transaction, MicroStrate…
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