With Bitcoin dropping below US$95,000 today, that brings the value of MicroStrategy’s total holdings to approximately US$65.5 billion.
The technology company, led by CEO Michael Saylor, on November 25 purchased approximately 55,500 Bitcoin at an average price of US$97,862 per coin using proceeds from convertible note offerings and share sales.
MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per #bitcoin and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. As of 11/24/2024, we hodl 386,700 $BTC acquired for ~$21.9 billion at ~$56,761 per bitcoin. $MSTR https://t.co/79ExzXk4UM
— Michael Saylor⚡️ (@saylor) November 25, 2024
The acquisition marks a significant acceleration in MicroStrategy’s Bitcoin strategy. The company has purchased around 134,480 Bitcoin — worth US$13 billion — in November alone, compared to its previous three-year accumulation pattern.
Despite a recent slide, the company’s stock is up 58% over the past month and is up nearly 500% year-to-date.
MicrosStrategy has been the bastion of corporate Bitcoin acquisitions recently as the trend gains momentum, with technology companies exploring digital asset strategies as potential treasury diversification methods.
