On November 18, 2024, MicroStrategy announced the purchase of 51,780 Bitcoin for approximately $4.6 billion, bringing its total Bitcoin holdings to 331,200, acquired for a total cost of $16.5 billion, or about $49,874 per BTC. This purchase marks a significant moment as Bitcoin surpassed $90,000 for the first time on November 12, reaching an all-time high of $92,400 the following day. To fund this acquisition, MicroStrategy utilized proceeds from a recent share sale, which occurred between November 11 and November 13, raising $4.6 billion from the sale of 13.6 million shares. As of November 17, the company reported that approximately $15.3 billion of shares remained available for future issuance under this agreement. MicroStrategy continues to be a prominent player in the Bitcoin investment landscape, actively accumulating assets even as the cryptocurrency market reaches new heights.

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