MicroStrategy Acquires 27,200 BTC for $2.03 Billion

Between October 31 and November 10, MicroStrategy acquired an additional 27,200 BTC for $2.03 billion, at approximately $74,463 per coin. This was announced by the company’s founder, Michael Saylor. 

MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, we hodl 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR https://t.co/uCt8nNUVqd

— Michael Saylor⚡️ (@saylor) November 11, 2024

As of November 11, the firm holds 279,420 BTC, acquired for $11.9 billion at an average rate of $42,692. At the time of writing, these assets are valued at $22.87 billion. 

MicroStrategy’s quarterly profit from holding digital gold amounted to 7.3%, and 26.4% since the beginning of the year. 

Amid the overall market growth and the announcement of the additional purchase, MSTR shares rose by 10.1% in pre-market trading on Nasdaq, according to Investing.com.

According to SaylorTracker, excluding the latest deal, the company has purchased the first cryptocurrency 42 times. The firm’s investments have paid off by 107%, yielding over $10.7 billion. 

“I think SaylorTracker needs more green dots,” noted Saylor. 

MicroStrategy remains the largest corporate holder of digital gold. It is followed by miners MARA and Riot Platforms, who hold bitcoins valued at $2.19 billion and $852 million, respectively.

Back in September, Saylor’s company acquired 7,420 BTC after selling bonds worth $1 billion.