MicroStrategy expands Bitcoin holdings with $5.4B purchase
MicroStrategy has significantly increased its Bitcoin holdings, acquiring approximately 55,000 BTC for $5.4 billion between November 18 and 24. This purchase was made at an average price of $97,862 per coin and was funded through recent equity and debt offerings. Following this acquisition, MicroStrategy’s total Bitcoin holdings now stand at 386,700 BTC, with a cumulative investment of $21.9 billion, averaging $56,761 per token. The firm's aggressive buying strategy coincides with Bitcoin's rise near the $100,000 mark and reflects a positive outlook on the cryptocurrency, supported by increasing institutional interest and anticipated pro-crypto policies from the new U.S. presidential administration.
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