Bitcoin

Billion

<ul class="wp-block-list">
 <li>MicroStrategy bought $2 billion in Bitcoin, raising its holdings to 279,420 BTC and earning huge unrealized gains.</li>  
 <li>The company’s stock soared after funding its Bitcoin buys through equity and debt as Bitcoin prices climbed.</li>  
 <li>The increase in MicroStrategy's stock following Trump's win shows its important correlation with Bitcoin’s price movements.&nbsp;</li> 
</ul>  
<p>From October 31 to November 10, 2024, MicroStrategy invested nearly $2.03 billion to buy 27,200 Bitcoin, paying an average of $74,463 each. This big purchase shows the company’s strong dedication to its bold <a href="https://www.bitcoinstrategyplatform.com/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin strategy</a>. They funded the buy by selling about 7.8 million shares, raising close to $2 billion. This approach matches MicroStrategy’s ambitious goal of continuing to grow its Bitcoin holdings.</p>  
<h2 class="wp-block-heading" id="h-the-record-breaking-bitcoin-holdings-of-microstrategy">The Record-Breaking Bitcoin Holdings of MicroStrategy</h2>  
<p>As of right now, <a href="https://cryptonewsland.com/microstrategys-bitcoin-bet-outperforms-fords-cash/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy has 279,420 Bitcoin</a>, valued at $11.9 billion. The company's strategy of purchasing Bitcoin during market variations is shown in its average acquisition price of $42,692.&nbsp;</p>  
<p>Consequently, this puts MicroStrategy in an unrealized profit position of around $11.4 billion, with Bitcoin currently trading above <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$87,000</a>. The recent acquisition further solidifies MicroStrategy’s position as the largest corporate holder of Bitcoin, placing it well ahead of Marathon Digital and Riot Platforms, which collectively hold less than $3 billion in BTC.</p>  
<h2 class="wp-block-heading" id="h-funding-strategy-and-stock-performance-surge">Funding Strategy and Stock Performance Surge</h2>  
<p>To fuel its Bitcoin accumulation, MicroStrategy announced a unique “21/21” funding plan earlier. MicroStrategy is to raise $21 billion in debt and another $21 billion in equity over the next three years. The company's stock has also increased together with Bitcoin's rally, increasing by over 500% this year and ahead of most S&amp;P 500 companies.</p>  
<p>Notably, following <a href="https://cryptonewsland.com/trumps-election-victory-a-vital-moment-for-ripple-and-xrp/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump’s recent election victory</a>, MicroStrategy’s stock surged 19.9% on November 8. This upward momentum came just before the firm’s latest Bitcoin purchase, underscoring the stock’s sensitivity to Bitcoin’s price movements.</p>  
<p>Moreover, MicroStrategy's <a href="https://www.mstr-tracker.com/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin return tracker</a>, “Saylor Tracker,” reported over 100% gains on its BTC investments as of November 10. The firm’s Bitcoin holdings reached a value of $20.5 billion, even before considering the recent purchase. As MicroStrategy adds its BTC reserves, its portfolio tracker provides transparency to shareholders and enthusiasts, enhancing its appeal as a Bitcoin-focused entity.</p> 
<p>The post <a href="https://cryptonewsland.com/microstrategy-buys-big-27200-new-bitcoins-added-total-holdings-reach-11-9-billion/" rel="noopener noreferrer nofollow">MicroStrategy Buys Big, 27,200 New Bitcoins Added, Total Holdings Reach $11.9 Billion</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

MicroStrategy Buys Big, 27,200 New Bitcoins Added, Total Holdings Reach $11.9 Billion

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