MicroStrategy buys 27,200 BTC value over $2 billion; Bitcoin spikes above $84k

MicroStrategy, the enterprise intelligence firm based by Michael Saylor that;s now the most important company holder of Bitcoin (BTC), has added to its haul of the digital asset.

On Monday, Saylor introduced that the publicly-traded firm had acquired one other 27,200 BTC for over $2 billion. The information coincided with the surge in Bitcoin worth – which reached a brand new all-time excessive above $84k.

Earlier, the world’s largest and hottest cryptocurrency had traded to above $82k. This follows sentiment from the Donald Trump election victory, which continues to create a bullish buzz.

MicroStrategy its $22 billion in BTC purchases

The newest Bitcoin buy for MicroStrategy comes after the corporate raised $2.03 billion. Earlier, MicroStrategy had revealed plans to boost $42 billion to purchase extra bitcoins – a state of affairs that has added to the general bullish sentiment across the benchmark cryptocurrency.

Saylor stated his firm spent these proceeds on shopping for a further 27,200 BTC. With this acquisition, which was finalized on the common worth of $74,463, MicroStrategy now has a complete of 279,420 bitcoins.

MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and has achieved BTC Yield of seven.3% QTD and 26.4% YTD. As of 11/10/2024, we hodl 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR https://t.co/uCt8nNUVqd

— Michael Saylor⚡️ (@saylor) November 11, 2024

In complete, the corporate has spent $11.9 billion to purchase BTC on the common worth of $42,692 per coin. At present worth of $84,153, MicroStrategy’s Bitcoin holdings quantity to over $23.5 billion.

The BTC has achieved a yield of seven.3% quarter so far and 26.4% year-to-date.

“Our MSTR treasury operations within the first 10 days of November resulted in a BTC Yield of seven.3%, a web profit to our shareholders of ~18,410 BTC,” Saylor posted on X.