MicroStrategy, the business intelligence company founded by Michael Saylor that;s now the biggest corporate holder of Bitcoin (BTC), has added to its haul of the digital asset.<\/p>\n
On Monday, Saylor announced that the publicly-traded company had acquired another 27,200 BTC for over $2 billion. The news coincided with the surge in Bitcoin price \u2013 which reached a new all-time high above $84k.<\/p>\n
Earlier, the world\u2019s largest and most popular cryptocurrency had traded to above $82k<\/a>. This follows sentiment from the Donald Trump election victory, which continues to create a bullish buzz.<\/p>\n The latest Bitcoin purchase for MicroStrategy comes after the company raised $2.03 billion. Earlier, MicroStrategy had revealed plans to raise $42 billion to buy more bitcoins \u2013 a scenario that has added to the overall bullish sentiment around the benchmark cryptocurrency.<\/p>\n Saylor said his company spent these proceeds on buying an additional 27,200 BTC. With this acquisition, which was finalized at the average price of $74,463, MicroStrategy now has a total of 279,420 bitcoins.<\/p>\n MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin<\/a> and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11\/10\/2024, we hodl 279,420 $BTC<\/a> acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR<\/a> https:\/\/t.co\/uCt8nNUVqd<\/a><\/p>\n \u2014 Michael Saylor\u26a1\ufe0f (@saylor) November 11, 2024<\/a><\/p>\n\n In total, the company has spent $11.9 billion to buy BTC at the average price of $42,692 per coin. At current price of $84,153, MicroStrategy\u2019s Bitcoin holdings amount to over $23.5 billion.<\/p>\n The BTC has achieved a yield of 7.3% quarter to date and 26.4% year-to-date.<\/p>\n \u201cOur MSTR treasury operations in the first 10 days of November resulted in a BTC Yield of 7.3%, a net benefit to our shareholders of ~18,410 BTC,\u201d Saylor posted on X<\/a>.<\/p>\n The post MicroStrategy buys 27,200 BTC worth over $2 billion; Bitcoin spikes above $84k<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" MicroStrategy, the business intelligence company founded by Michael Saylor that;s now the biggest corporate holder of Bitcoin (BTC), has added to its haul of the digital asset. On Monday, Saylor announced that the publicly-traded company had acquired another 27,200 BTC for over $2 billion. The news coincided with the surge in Bitcoin price \u2013 which […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1821","post","type-post","status-publish","format-standard","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/1821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=1821"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/1821\/revisions"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=1821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=1821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=1821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}MicroStrategy its $22 billion in BTC purchases<\/h2>\n