Donald Trump

Bitcoin

when

<p>Bitcoin is riding high, with its price <a href="https://coinpedia.org/news/bitcoin-all-time-high-at-94k-what-the-crypto-fear-and-greed-index-reveals/" target="_blank" rel="noreferrer noopener">comfortably above $93,000 </a>and showing signs of steady growth. In just the past 24 hours, the market has seen a solid 1.3% rise. But while Bitcoin investors are celebrating these gains, one company is making headlines for its massive bet on the digital currency. </p>   
<p>MicroStrategy, known for being the largest holder of Bitcoin among public companies, has just made its biggest purchase yet.</p>   
<p>Keep reading to find out more.</p>   
<h2 class="wp-block-heading" id="h-micostrategy-s-latest-record-purchase-nbsp">MicoStrategy’s Latest Record Purchase&nbsp;</h2>   
<p>On November 18, MicroStrategy purchased at least 51,780 BTC at an average price of $88,627 each. The company spent at least $4.6 billion for the purchase. With the recent purchase, the total BTC holdings of MicroStrategy has soared to at least 331,200 BTC, worth at least $30,837,038,400.</p>   
<p>This purchase is significant because Bitcoin’s price had been steadily rising. On the morning of November 18, Bitcoin was priced at $89,831.11, and since then, it has risen by more than 3.5%.</p>   
<h2 class="wp-block-heading" id="h-micostrategy-s-top-bitcoin-buys-and-their-market-effects-nbsp">MicoStrategy’s Top Bitcoin Buys and Their Market Effects&nbsp;</h2>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/20163747/MicoStrategys-Top-Bitcoin-Buys-and-Their-Market-Effects-1024x683.webp" alt="" class="wp-image-382404">
</figure>   
<p>MicroStrategy first entered the Bitcoin market on August 11, 2020,<a href="https://coinpedia.org/research-report/microstrategys-bitcoin-holdings-unraveling-a-high-stakes-investment-strategy/" target="_blank" rel="noreferrer noopener"> purchasing 21,454 BTC.</a> At the time, the market barely reacted, and Bitcoin’s price fell slightly from $11,682 to $11,579 by the end of the day.</p>   
<p>Four months later, on December 21, 2020, the company made another large purchase of 29,646 BTC. While Bitcoin’s price went up from $23,518 to $23,795, the market still didn’t respond strongly to the news.</p>   
<p><strong>Going All-In on Bitcoin</strong></p>   
<p>In February 2021, when Bitcoin’s price crossed $50,000, MicroStrategy bought 19,452 BTC for around $1 billion. However, just 24 hours after the purchase, Bitcoin’s price fell by nearly 3.5%.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/20163822/Bitcoin-market-dropped-by-nearly-3.5-1024x576.webp" alt="" class="wp-image-382405">
</figure>   
<h2 class="wp-block-heading" id="h-donald-trump-s-win-boosts-bitcoin">Donald Trump's Win Boosts Bitcoin </h2>   
<p>The victory of Donald Trump in the 2020 <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">U.S. presidential election</a> gave a boost to the crypto market. From November 5, Bitcoin surged by over 36.83%. During this period, when Bitcoin’s price fluctuated between $72,000 and $80,000, MicroStrategy bought more than 27,200 BTC. Over this time, Bitcoin saw an 11.14% increase in value.</p>   [post_titles_links postid="382171"]   
<p><strong>With each new purchase, MicroStrategy is proving that its faith in Bitcoin’s potential is unshakable, even in a volatile market.</strong></p>

MicroStrategy’s Bitcoin Holdings Hit $30.8B with Largest-Ever BTC Purchase

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