Bitcoin

<p>MicroStrategy has significantly expanded its Bitcoin holdings, acquiring an additional 55,500 BTC for approximately $5.4 billion at an average price of $97,862 per Bitcoin. As of November 24, 2024, the company holds a total of 386,700 BTC, purchased for around $21.9 billion at an average acquisition cost of $56,761 per Bitcoin.</p>   
<p>Analysts at Bernstein predict MicroStrategy will own 4% of Bitcoin's global supply by 2033, fueled by its $42 billion capital plan for acquisitions, expected to be utilized within 18 months. Raising confidence in its strategy, Bernstein increased its end-of-2025 price target for MicroStrategy stock to $600.</p>   
<h2 class="wp-block-heading" id="h-mstr-stock-surge">MSTR Stock Surge</h2>   
<p>Microstrategy witnessed an incredible 24.7% rise in its stock (NASDAQ: MSTR) price this week. The uptrend was buoyed by Bitcoin’s rally and the company’s planned financial moves. Widely known for its aggressive Bitcoin hodling and accumulation strategy, Microstrategy had cited a convertible debt, that offers a 0% interest rate grabbing the market’s attention.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-price-today">Bitcoin Price Today</h2>   
<p>Despite Bitcoin's recent dip, whales continue to accumulate. According to <a href="https://x.com/lookonchain/status/1860706284158476534">Lookonchain</a>, six new wallets collectively withdrew 1,110 BTC, valued at $107.7 million, from Binance on Sunday, signaling strong buying activity despite market fluctuations.</p>   
<p>Bitcoin hit a new all-time high of $99,588 on Friday, coming within $412 of the $100,000 milestone. Over the weekend, BTC dipped 3.8% to $95,734 on Sunday but rebounded swiftly, closing at $97,900.</p>   
<h2 class="wp-block-heading" id="h-faqs"><strong>FAQs</strong></h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732538949607">
  <strong class="schema-faq-question"><strong>Q1. How much Bitcoin does MicroStrategy currently hold?<br></strong></strong> 
  <p class="schema-faq-answer">MicroStrategy's latest update confirms a holding of 334,420 Bitcoins, with more acquisitions anticipated.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732538963760">
  <strong class="schema-faq-question"><strong>Q2. What was the reason for MicroStrategy's stock surge?<br></strong></strong> 
  <p class="schema-faq-answer">The stock soared due to Bitcoin’s price appreciation, a $3 billion bond sale, and optimism around its Bitcoin-focused strategy.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732538977149">
  <strong class="schema-faq-question"><strong>Q3. What is Bitcoin price today?</strong><br></strong> 
  <p class="schema-faq-answer">The price of 1 BTC at the time of press is hovering around $97,496.00</p> 
 </div> 
</div>

MicroStrategy Buys 55,500 Bitcoins Worth ~$5.4 Billion!

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