MicroStrategy Buys $2B in BTC, Boosts Holdings To $23B

MicroStrategy increases its holdings to 279,420 BTC by purchasing an additional 27,200 BTC for $2B.
MicroStrategy Buys $2B in BTC, Boosts Holdings To $23B
MicroStrategy Buys $2B in BTC, Boosts Holdings To $23B

Key Takeaways

  • MicroStrategy increases its Bitcoin holdings to 279,420 BTC, worth nearly $23 billion at the time of writing, with a $2B purchase.
  • The company funds its Bitcoin acquisitions by selling shares.
  • MicroStrategy's Bitcoin ROI exceeds 100%, making it the largest corporate bitcoin holder, outperforming other companies in the ecosystem.

MicroStrategy's Bitcoin Acquisition Strategy

MicroStrategy recently announced that it bought 27,200 Bitcoin for approximately $2.03B in cash.

The firm made the purchase between October 31 and November 10, at an average price of $74,463 per BTC.

With this, MicroStrategy's holdings now total 279,420 BTC, valued at almost $23 billion at the time of writing.

The company financed the purchases by selling shares, raising about $2B in the process.

MicroStrategy's Financial Performance and Strategy

MicroStrategy’s share price increased significantly following the November 5 announcement of Donald Trump’s presidential election victory.

MicroStrategy's stock rose by nearly 20% after Trump's victory was confirmed on November 8.

The company's Bitcoin investments have already generated returns exceeding 100%, according to its portfolio tracker.

MicroStrategy’s Position in the Corporate Bitcoin Market

MicroStrategy is the largest corporate holder of Bitcoin, surpassing $20.5 billion in Bitcoin holdings prior to the latest purchase.

Marathon Digital and Riot Platforms are the next largest Bitcoin holders, with bitcoin holdings worth $2.1B and $840B respectively at the time of writing.

[Original Article]

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Naiw

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