Bitcoin

Billion

<p>MicroStrategy (MSTR), a prominent business intelligence firm known for its substantial Bitcoin investments, has announced the purchase of an additional 55,500 BTC.</p> 
<p><a href="https://x.com/saylor/status/1861033309934862601" rel="nofollow" target="_blank"> The acquisition</a>, valued at $5.4 billion, increases the company’s total Bitcoin holdings to 386,700 BTC, with an estimated market value of $38 billion based on current trading prices.</p> 
<p>According to a statement released on Monday, the latest purchase was completed over six days and cost the company an average of $97,862 per bitcoin. Cumulatively, MicroStrategy’s Bitcoin acquisitions, initiated in 2020 as part of its corporate strategy, amount to $21.9 billion at an average purchase price of $56,761 per bitcoin. At the time of the announcement, Bitcoin was trading near $97,500.</p> 
<h3 id="corporate-strategy-and-recent-financial-moves">Corporate Strategy and Recent Financial Moves</h3> 
<p>MicroStrategy has drawn significant attention for its bold adoption of Bitcoin as a treasury reserve asset. The strategy has significantly influenced the company’s stock performance, which has surged 515% this year, briefly ranking the firm among the top 100 U.S. publicly traded companies by market capitalization.</p> 
<p>This latest Bitcoin purchase comes on the heels of MicroStrategy’s recent $3 billion convertible debt sale. The debt issuance, which carries a 0% coupon and a 55% conversion premium, features a conversion price of approximately $672.40 per share. Following the announcement, MicroStrategy shares rose 3.3% in premarket trading to $436.</p> 
<p><img loading="lazy" decoding="async" class="size-full wp-image-53894 alignnone" src="https://crypto.ro/en/wp-content/uploads/2024/11/photo_2024-11-25_15-29-17.jpg" alt="photo 2024 11 25 15 29 17" width="681" height="483" title="MicroStrategy Expands Bitcoin Holdings with $5.4 Billion Purchase 26" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/photo_2024-11-25_15-29-17.jpg 681w, https://crypto.ro/en/wp-content/uploads/2024/11/photo_2024-11-25_15-29-17-300x213.jpg 300w, https://crypto.ro/en/wp-content/uploads/2024/11/photo_2024-11-25_15-29-17-120x86.jpg 120w" sizes="(max-width: 681px) 100vw, 681px"></p> 
<h3 id="potential-nasdaq-100-inclusion">Potential Nasdaq 100 Inclusion</h3> 
<p>As the Nasdaq 100 prepares for its annual rebalancing—scheduled for December 20—MicroStrategy may secure a spot in the index. The official announcement regarding additions and removals is expected on December 13.</p> 
<p>By consistently bolstering its Bitcoin reserves, MicroStrategy has positioned itself as a key player in corporate Bitcoin adoption.</p>

MicroStrategy Expands Bitcoin Holdings with $5.4 Billion Purchase

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