2024

Yield

Meta

The business intelligence giant founded and guided by Michael Saylor has done it again on a Monday, breaking its own record for the largest single bitcoin purchase.
In this week’s edition, MicroStrategy said it bought 55,500 BTC for an average price of just under $98,000.
<blockquote class="twitter-tweet">
 MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#bitcoin</a> and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. As of 11/24/2024, we hodl 386,700 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> acquired for ~$21.9 billion at ~$56,761 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$MSTR</a> <a href="https://t.co/79ExzXk4UM" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/79ExzXk4UM</a>
 — Michael Saylor<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1861033309934862601?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">November 25, 2024</a>
</blockquote>
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It has now become almost a <a href="https://cryptopotato.com/microstrategy-announces-another-massive-btc-purchase-for-over-4-5-billion/" data-wpel-link="internal" rel="noopener noreferrer nofollow">tradition</a> – the business week begins with a noteworthy BTC purchase from the world’s largest holder of the asset.
After last week’s $4.6 billion acquisition (51,780 BTC), which Saylor himself <a href="https://www.youtube.com/watch?v=n53qmZ84zC0" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">labeled</a> as the biggest single bitcoin buy, the company has gone on a tear again, breaking its own record.
MicroStrategy’s former CEO announced the latest purchase for 55,500 BTC, worth roughly $5.4 billion, at an average price of $97,862 per bitcoin. This puts the firm’s total stash at 386,700 BTC, bought at an average price of $56,761.
In total, the firm has spent almost $22 billion to acquire its cryptocurrency fortune. Given BTC’s current price of roughly $98,000, that stash is now worth almost $38 billion – or, more than $16 billion in paper profit.
MicroStrategy’s stock prices have been on a roll since the incorporation of the bitcoin strategy. Since the start of the year alone, MSTR have skyrocketed by more than 500%, despite the recent <a href="https://cryptopotato.com/microstrategy-completes-3b-note-offering-to-acquire-more-bitcoin-but-mstr-dumps-16/" data-wpel-link="internal" rel="noopener noreferrer nofollow">dip</a>.
The interest in MSTR has picked up as well, as there are certain <a href="https://cryptopotato.com/microstrategys-btc-fueled-trading-volume-surpasses-apple-amazon-meta-combined/" data-wpel-link="internal" rel="noopener noreferrer nofollow">examples</a> where the trading volumes have surpassed those for Apple, Amazon, and Meta – combined.
The post <a href="https://cryptopotato.com/microstrategy-breaks-its-own-record-another-massive-purchase-for-55500-btc-worth-5-4b/" rel="noopener noreferrer nofollow">MicroStrategy Breaks its Own Record: Another Massive Purchase for 55,500 BTC (Worth $5.4B)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

MicroStrategy Breaks its Own Record: Another Massive Purchase for 55,500 BTC (Worth $5.4B)

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