As a seasoned researcher who has been tracking the cryptocurrency market for years now, I find myself constantly amazed by MicroStrategy’s bold moves under the astute leadership of Michael Saylor. It seems like every business week is a new opportunity for this giant to break its own record in Bitcoin purchases.
Once more, the business intelligence heavyweight steered by Michael Saylor has made history on a Monday, surpassing its previous record with the biggest ever single Bitcoin acquisition.
This week’s announcement states that MicroStrategy purchased approximately 55,500 Bitcoins at a cost averaging around $98,000 per coin.
MicroStrategy recently purchased approximately 55,500 Bitcoins for around $5.4 billion, with each Bitcoin costing about $97,862. This acquisition has resulted in a quarter-to-date (QTD) Bitcoin Yield of 35.2% and a year-to-date (YTD) yield of 59.3%. As of November 24, 2024, we hold a total of 386,700 Bitcoins, which were acquired for approximately $21.9 billion, with each Bitcoin costing around $56,761. The ticker symbol for MicroStrategy is MSTR.
— Michael Saylor (@saylor) November 25, 2024
Almost every workweek starts off with a significant Bitcoin purchase by the world’s biggest custodian, which has now turned into a common practice.
Following last week’s massive $4.6 billion purchase (equivalent to 51,780 BTC, a transaction Saylor referred to as the largest single Bitcoin acquisition), the company has once more surged ahead, setting a new benchmark for itself.
The previous CEO of MicroStrategy has revealed a new Bitcoin acquisition worth approximately $5.4 billion, or 55,500 Bitcoins, with each Bitcoin costing around $97,862. With this purchase, the company now holds a total of 386,700 Bitcoins, which were purchased at an average price of $56,761 per coin.
The company has shelled out approximately $22 billion in total to build up its cryptocurrency holdings. With Bitcoin currently valued at around $98,000 per coin, their investment now stands at nearly $38 billion – representing a substantial paper profit of over $16 billion.
Since MicroStrategy adopted its bitcoin strategy, the company’s share prices have experienced significant growth. In just the first part of this year, MSTR stocks have surged over 500% – an impressive increase, even considering the temporary downturn that has occurred more recently.
There’s been a growing curiosity around MSTR, with some instances even showing that its trading volumes exceed those of Apple, Amazon, and Meta collectively.
Read More
- Skull and Bones: Players Demand Nerf for the Overpowered Garuda Ship
- ‘The Batman 2’ Delayed to 2027, Alejandro G. Iñarritu’s Tom Cruise Movie Gets 2026 Date
- Gaming News: Rocksteady Faces Layoffs After Suicide Squad Game Backlash
- SUI PREDICTION. SUI cryptocurrency
- League of Legends: The Mythmaker Jhin Skin – A Good Start or a Disappointing Trend?
- Why Going Offline in Last Epoch’s Hardcore Mode Might Save Your Character (And Your Sanity)
- RIF PREDICTION. RIF cryptocurrency
- Destiny 2: The Surprising Stats Behind Slayer’s Fang – A Shotgun Worth Discussing
- FARTCOIN PREDICTION. FARTCOIN cryptocurrency
- Mastering the Tram Station: Your Guide to Making Foolproof Jumps in Abiotic Factor
2024-11-25 16:44