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MicroStrategy tokenized stock FTX

The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/microstrategy-boosts-bitcoin-holdings-to-42-billion-with-latest-2-1-billion-purchase/" rel="noopener noreferrer nofollow">MicroStrategy Boosts Bitcoin Holdings to $42 Billion with Latest $2.1 Billion Purchase</a><a href="https://cryptosnewss.com/david-sacks-named-white-house-ai-and-crypto-czar/" rel="noopener noreferrer nofollow"> </a>appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.MicroStrategy, fronted by outspoken Bitcoin bull and Executive Chairman Michael Saylor, added to its sizable <a href="https://cryptosnewss.com/category/bitcoin-news/" rel="noopener noreferrer nofollow">Bitcoin</a> holdings Monday, purchasing 21,550 BTC—or $2.1 billion worth.The purchase is the latest in a string of Bitcoin purchases dating back to 2020 when MicroStrategy and Saylor made the strategic decision to allocate capital to the leading cryptocurrency to “<a href="https://www.sec.gov/Archives/edgar/data/1050446/000119312520215604/d921849dex991.htm" rel="noopener noreferrer nofollow">maximize long-term value for shareholders</a>.”Since then, the business intelligence firm has reshaped itself into a Bitcoin development company and pioneered the crypto treasury reserve asset model that others have copied. It has also amassed more than 423,650 Bitcoin, making it the asset&#39;s most significant corporate treasury reserve holder. That’s more than $40 billion worth as of this writing.Here’s a look back at MicroStrategy’s five largest Bitcoin purchases to date and their immediate impacts on the price of Bitcoin, marked from the time of Saylor’s announcements via social media.#1) 55,500 BTC - November 25, 2024Average Price: $97,862Total Spend: $5.4 billionMichael Saylor announced MicroStrategy’s largest-ever purchase of Bitcoin, by both BTC and USD denominations, <a href="https://decrypt.co/293440/microstrategy-buys-5-4-billion-bitcoin" rel="noopener noreferrer nofollow">on November 25</a>. The purchase of 55,500 Bitcoin surpassed its previous top acquisition by more than $800 million.In the hours after the Saylor announcement, Bitcoin dropped by about $4,000 to under $94,000, a 4% decrease from the average price paid by MicroStrategy.The latest and largest purchase by MicroStrategy (as of this writing) brings the company’s holdings to over $36 billion.MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per <a href="https://twitter.com/hashtag/bitcoin?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. As of 11/24/2024, we hodl 386,700 <a href="https://twitter.com/search?q&#61;%24BTC&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> acquired for ~$21.9 billion at ~$56,761 per bitcoin. <a href="https://twitter.com/search?q&#61;%24MSTR&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSTR</a> <a href="https://t.co/79ExzXk4UM" rel="noopener noreferrer nofollow">https://t.co/79ExzXk4UM</a><blockquote>— Michael Saylor⚡️ (&#64;saylor) <a href="https://twitter.com/saylor/status/1861033309934862601?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">November 25, 2024</a></blockquote>2) 51,780 BTC - Nov. 18, 2024Average price: $88,627Total spend: $4.6 billionThe second largest <a href="https://x.com/saylor/status/1858496146026467378" rel="noopener noreferrer nofollow">Bitcoin purchase in MicroStrategy history</a> came just one week before its largest-ever purchase. Though Bitcoin dropped shortly in the hour following the announcement, a rebound followed, and it reached a daily high of $92,653, just 2% shy of its all-time high price (set last week), according to data from CoinGecko.The following day, Bitcoin hit a new all-time high price above $94,000. MicroStrategy’s latest purchase brought its holdings to 331,200 BTC.<h2 id="header-0">3) 29,646 BTC - Dec. 21, 2020</h2>Average price: $21,925Total spend: $650 million<a href="https://cryptosnewss.com/microstrategy-set-to-join-nasdaq-100-sparking-etf-buying-spree/" rel="noopener noreferrer nofollow">MicroStrategy’s</a> second-largest Bitcoin purchase took place in December 2020 amid rising Bitcoin prices and bull market sentiment. The firm disclosed a purchase of 29,645 BTC for its fourth-ever Bitcoin acquisition.Despite the purchase being the largest for MicroStrategy at the time, Bitcoin price&#39;s was relatively unchanged in the 24 hours around the announcement. Data from CoinGecko showcases a Bitcoin open price of $23,518 on December 21, closing one day later at $23,795 for a negligible gain.<h2 id="header-1">4) 27,200 BTC - Nov. 11, 2024</h2>Average price: $74,463Total spend: $2.03 billionLess than one week after Donald Trump was named President-elect, MicroStrategy announced a purchase of 27,200 Bitcoin. That stash was purchased during the timeframe of October 31 to November 10, a time in which Bitcoin ranged in price from $72,000 to $80,000.However, following the Saylor announcement on the morning of November 11, Bitcoin moved violently upwards, closing the day at $88,637—a move of more than 10%—after setting yet another new all-time high price after the election.<h2 id="header-2">5) 21,550 BTC - December 9, 2024</h2>Average Price: $98,783Total Spend: $2.1 billionMicrostrategy’s fifth largest purchase marks its highest-ever average Bitcoin price, having acquired more than 21,000 Bitcoin for nearly $99,000 on average.The latest in its string of purchases since the November 2024 Presidential election brought up the average price of all its lifetime Bitcoin purchases to $60,389.However, the market didn’t react super positively to the latest announcement from Saylor and the company, as the price of Bitcoin decreased by more than 2.5% in the hours that followed, dropping below the average price of its purchase to $97,600. On the following day, Bitcoin broke even further downward, dipping below $95,000 briefly before rebounding to that level.The post <a href="https://cryptosnewss.com/microstrategy-boosts-bitcoin-holdings-to-42-billion-with-latest-2-1-billion-purchase/" rel="noopener noreferrer nofollow">MicroStrategy Boosts Bitcoin Holdings to $42 Billion with Latest $2.1 Billion Purchase</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

MicroStrategy Boosts Bitcoin Holdings to $42 Billion with Latest $2.1 Billion Purchase

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