MicroStrategy has acquired 55,500 more BTC in the past week
In just the past week from November 18 to November 24, 2024, MicroStrategy used $5.4 billion in cash to buy another 55,500 BTC, bringing its total Bitcoin holdings to 386,700
On the evening of November 25, 2024, software company MicroStrategy announced that it had used $5.4 billion in cash to buy another 55,500 Bitcoins between November 18 and November 24, 2024, at an average price of $97,862 per coin.
MicroStrategy's latest Bitcoin purchases were made through the $3 billion successfully raised through the issuance and sale of 0% interest convertible bonds announced on November 22.
With the addition of 55,500 BTC to its portfolio, billionaire Michael Saylor's company increased its total Bitcoin holdings to 386,700, with an average purchase price of $56,761 per BTC.
MicroStrategy's total Bitcoin portfolio is currently recording a profit of $15.77 billion, equivalent to a profit rate of about 71.64% on a capital of $21.9 billion.
The annualized BTC investment return, calculated by the company via the BTC Yield index, is 59.3% as of November 25, 2024. The fourth quarter of 2024 is currently 35.2%.
This is the third time in November that MicroStrategy has made a "positive" Bitcoin move. It started with 27,200 Bitcoin on November 11, followed by 51,780 BTC just a week later.
According to the inventory table from the BITCOINTREASURIESNET platform, since seriously entering the Bitcoin market from August 2020 until now, November 2024 is currently recorded as the period when this public company "spent money" buying the most Bitcoin with a total capital of 12.03 billion USD to collect up to 134,480 BTC.
Currently, there are 5 days left until the end of November 2024, it is unclear whether MicroStrategy has "stopped" at this historical milestone or still plans to buy more in the remaining days.
