The business intelligence giant founded and guided by Michael Saylor has done it again on a Monday, breaking its own record for the largest single bitcoin purchase.<\/p>\n
In this week\u2019s edition, MicroStrategy said it bought 55,500 BTC for an average price of just under $98,000.<\/p>\n
MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per #bitcoin<\/a> and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. As of 11\/24\/2024, we hodl 386,700 $BTC<\/a> acquired for ~$21.9 billion at ~$56,761 per bitcoin. $MSTR<\/a> https:\/\/t.co\/79ExzXk4UM<\/a><\/p>\n \u2014 Michael Saylor (@saylor) November 25, 2024<\/a><\/p>\n\n It has now become almost a tradition<\/a> \u2013 the business week begins with a noteworthy BTC purchase from the world\u2019s largest holder of the asset.<\/p>\n After last week\u2019s $4.6 billion acquisition (51,780 BTC), which Saylor himself labeled<\/a> as the biggest single bitcoin buy, the company has gone on a tear again, breaking its own record.<\/p>\n MicroStrategy\u2019s former CEO announced the latest purchase for 55,500 BTC, worth roughly $5.4 billion, at an average price of $97,862 per bitcoin. This puts the firm\u2019s total stash at 386,700 BTC, bought at an average price of $56,761.<\/p>\n In total, the firm has spent almost $22 billion to acquire its cryptocurrency fortune. Given BTC\u2019s current price of roughly $98,000, that stash is now worth almost $38 billion \u2013 or, more than $16 billion in paper profit.<\/p>\n MicroStrategy\u2019s stock prices have been on a roll since the incorporation of the bitcoin strategy. Since the start of the year alone, MSTR have skyrocketed by more than 500%, despite the recent dip<\/a>.<\/p>\n The interest in MSTR has picked up as well, as there are certain examples<\/a> where the trading volumes have surpassed those for Apple, Amazon, and Meta \u2013 combined.<\/p>\n The post MicroStrategy Breaks its Own Record: Another Massive Purchase for 55,500 BTC (Worth $5.4B)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The business intelligence giant founded and guided by Michael Saylor has done it again on a Monday, breaking its own record for the largest single bitcoin purchase. In this week\u2019s edition, MicroStrategy said it bought 55,500 BTC for an average price of just under $98,000. MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 […]<\/p>\n","protected":false},"author":0,"featured_media":23302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23301"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23301"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/23302"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}