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<p class="is-style-lead">Michael Saylor’s MicroStrategy has invested another $2 billion in Bitcoin as the world’s most popular cryptocurrency reaches new highs day after day.</p> 
<p>Saylor tweeted that MicroStrategy spent $2.03 billion on an additional $27,200 Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>), increasing its total holdings to 279,420 tokens since its aggressive acquisition strategy started in 2020.</p> 
<p>According to the firm’s <a href="https://www.microstrategy.com/press/microstrategy-announces-btc-atm-activity-raised-2-billion-purchased-27200-btc-now-holds-279420-btc-with-btc-yield-of-26-ytd" target="_blank" rel="nofollow">disclosures</a>, MicroStrategy acquired its latest Bitcoin trove at an average price of $74,463 per BTC. The software giant has spent nearly $12 billion on Bitcoin so far, with plans to raise additional capital to buy more. Saylor stated that the company would raise $42 billion from debt and equity sales to support its ongoing Bitcoin accumulation.</p> 
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   <p lang="en" dir="ltr">MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#bitcoin</a> and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, we hodl 279,420 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> acquired for ~$11.9 billion at ~$42,692 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$MSTR</a> <a rel="nofollow" href="https://t.co/uCt8nNUVqd" target="_blank">https://t.co/uCt8nNUVqd</a></p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1855959543508828428?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 11, 2024</a>
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<p> You might also like: <a rel="" href="https://crypto.news/bitcoin-hits-new-ath-surpassing-1-6t-market-cap/"> Bitcoin hits new ATH surpassing $1.6T market cap </a> </p> 
<h2 class="wp-block-heading" id="bitcoin-s-post-election-bull-run">Bitcoin’s post-election bull run</h2> 
<p>MicroStrategy’s purchase was announced on Nov. 11, as Bitcoin reached a new all-time high during its rapid rise following Donald Trump’s victory last week.</p> 
<p>Since the U.S. press declared Trump the victor, investors have injected over $500 billion into the cryptocurrency market. BTC has been a major beneficiary of this demand. The asset’s market cap <a href="https://crypto.news/bitcoin-hits-new-ath-surpassing-1-6t-market-cap/" target="_blank">eclipsed</a> all other digital tokens, standing tall at $1.6 trillion and growing.</p> 
<p>Post-election inflows to digital asset investment products nearly hit $2 billion last week. Electoral results for pro-crypto candidates <a href="https://crypto.news/coinshares-crypto-products-hit-record-ytd-inflows-of-31-3b/" target="_blank">bootstrapped</a> year-to-date inflows to a record $31.3 billion.</p> 
<p>At the time of publication, Bitcoin was trading around a new high of $83,400, after setting consecutive peaks over the weekend. However, experts cautioned against potential market euphoria.</p> 
<p>Bitget Research chief analyst Ryan Lee noted that volatility could briefly stall gains and impact derivatives markets, according to an email shared with crypto.news.</p> 
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 <p>Another factor to watch is the relative gains of BTC and altcoins. While BTC broke through the $80,000 level in the past 24 hours, there has not been a clear rebound in BTC exchange rates for ETH, SOL, and other tokens. This indicates that BTC is absorbing liquidity from the market, signaling a tightening of market funds. This may lead to extreme volatility in derivatives markets due to liquidity constraints.</p> 
 <p>Ryan Lee, Bitget Research</p> 
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  24-hour BTC price chart – Nov. 11 | Source: <a href="https://crypto.news/price/bitcoin/" target="_blank">crypto.news</a>
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<p> Read more: <a rel="" href="https://crypto.news/trump-bitcoin-etf-sec-chair-replacement-weekly-recap/"> What Trump’s win means for Bitcoin, ETF inflows, SEC chair and more | Weekly Recap </a> </p>

Saylor’s MicroStrategy ups Bitcoin trove to $22b

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