Summary Review: MicroStrategy has raised its Bitcoin holdings to 279,420 BTC, now valued at around $23 billion, after acquiring an additional $2 billion in BTC. The company continues to commit strongly to Bitcoin, using funds from share sales to fuel the recent purchase.
MicroStrategy has once again expanded its Bitcoin reserves, bringing its total holdings to 279,420 BTC, currently valued at nearly $23 billion. The business intelligence firm, now well-known for its substantial cryptocurrency investments, announced on November 11 that it had acquired an additional 27,200 Bitcoin for approximately $2.03 billion in cash. The purchases took place from October 31 to November 10, at an average price of $74,463 per BTC, including transaction fees.
Strategic Share Sales to Fund Bitcoin Buys
The recent Bitcoin purchases were funded by proceeds from share sales. MicroStrategy disclosed it had entered sales agreements with multiple companies in August and October. By November 10, the firm had sold around 7.8 million shares, raising about $2 billion in funds specifically for Bitcoin acquisition.
MicroStrategy’s BTC yield—a measure of the effectiveness of its Bitcoin investment strategy—reached 7.3% from October 1 to November 10, with a year-to-date yield of 26.4%.
Market Reactions and Stock Performance
The company’s share price has shown a positive reaction to both its BTC holdings and recent political events. Following Trump’s reelection on November 5, MicroStrategy’s stock jumped nearly 20% by November 8, reflecting investor optimism about the firm’s Bitcoin strategy and the broader cryptocurrency market outlook.
Summary Review: MicroStrategy has raised its Bitcoin holdings to 279,420 BTC, now valued at around $23 billion, after acquiring an additional $2 billion in BTC. The company continues to commit strongly to Bitcoin, using funds from share sales to fuel the recent purchase.
Disclaimer: Nothing in this article, or any content from Web30 News, should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves risks, and investors should be aware that capital is at risk and returns are never guaranteed. Please conduct thorough research and consult with a qualified financial advisor before making any investment decision.
