Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-boosts-bitcoin-holdings-to-strengthen-market-position/" data-wpel-link="internal">MicroStrategy Boosts Bitcoin Holdings to Strengthen Market Position</a> 
In the past 24 hours, the price of Bitcoin (BTC) surged to $82,471, while numerous <a href="https://en.coin-turk.com/elon-musks-ai-chatbot-grok-shares-2024-predictions-for-bitcoin-solana-and-el-hippo/" data-wpel-link="internal">altcoins</a> reached new peaks for 2024. Shortly after, Michael Saylor shared yet another positive update, triggering a familiar wave of enthusiasm. This latest acquisition by MicroStrategy contributed to the market dynamics, prompting both excitement and analysis. 
<h2 style="text-align: justify" id="microstrategy-purchases-bitcoin">MicroStrategy Purchases Bitcoin</h2> 
In a recent announcement, the company revealed it acquired 27,200 BTC at an average price of $74,463. With this purchase, MicroStrategy reported a total annual return of 26.4% on its investments, indicating its intent to continue acquiring more Bitcoin. Currently, the company holds 279,420 BTC, with an average purchase price of $42,692 and a total market value of $11.9 billion. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-405521 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/BTCUSDT_2024-11-11_16-13-26.png" alt="" width="1815" height="836"> 
Following the news, Bitcoin experienced a brief dip in price but remained close to the $82,000 level. The announcement included key performance details; from October 1, 2024, to November 10, 2024, the company reported a Bitcoin yield of 7.3%, and from January 1, 2024, to November 10, 2024, the yield stood at 26.4%. 
As MicroStrategy disclosed plans for significant purchases over the next three years, expectations indicate that selling off its holdings is unlikely during this period. The company’s long-term strategy aims to solidify its position in the Bitcoin market, showcasing its commitment to digital assets. 
The post <a href="https://en.coin-turk.com/microstrategy-boosts-bitcoin-holdings-to-strengthen-market-position/" data-wpel-link="internal">MicroStrategy Boosts Bitcoin Holdings to Strengthen Market Position</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

MicroStrategy Boosts Bitcoin Holdings to Strengthen Market Position

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