MicroStrategy Acquires $2.03 Billion in Bitcoin, Raising Holdings to $23 Billion.
MicroStrategy Inc. has significantly expanded its Bitcoin holdings by acquiring approximately 27,200 BTC for $2.03 billion. This purchase, executed between October 31 and November 10, is part of the company’s ongoing strategy to incorporate cryptocurrency into its corporate assets.
The acquisition, funded by proceeds from the issuance and sale of stock, is one of the largest Bitcoin purchases by any company in recent months. As of November 10, the Virginia-based enterprise software firm now holds nearly 279,420 Bitcoin, valued at over $23 billion based on the cryptocurrency's peak price of $82,000. This latest acquisition brings the company’s total Bitcoin investment to around $11.9 billion, with an average purchase price of approximately $42,692 per Bitcoin, including associated fees and expenses.
MicroStrategy’s strategic approach to Bitcoin has made it one of the most notable corporate players in the crypto space. The company’s CEO, Michael Saylor, has long advocated for Bitcoin as a store of value, and this most recent acquisition further solidifies its position as the largest publicly traded corporate holder of Bitcoin.
MicroStrategy Inc., founded in 1989 and headquartered in Tysons Corner, Virginia, is a global leader in business intelligence (BI) and analytics. The company provides data-driven solutions through its advanced BI platform, offering tools for data visualization, analytics, and cloud services.
Known for integrating AI and machine learning into its products, MicroStrategy empowers businesses to make actionable decisions. The company is also a major player in cryptocurrency, holding one of the largest corporate Bitcoin portfolios. MicroStrategy’s solutions, including MicroStrategy One and its cloud platform, help organizations unlock the value of their data at scale.
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