MicroStrategy Buys $5 Billion More in Bitcoin!
On November 25, MicroStrategy CEO Michael Saylor announced the acquisition of 55,500 Bitcoin at an average price of ~$97,862, totaling $5.4 billion. As of November 24, 2024,
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On November 25, MicroStrategy CEO Michael Saylor announced the acquisition of 55,500 Bitcoin at an average price of ~$97,862, totaling $5.4 billion. As of November 24, 2024,
MicroStrategy’s BTC holdings amount to 386,700 coins, purchased for $21.9 billion at an average cost of ~$56,761 each, according to a post shared on X.
MicroStrategy now holds nearly 2% of Bitcoin’s total supply, with its holdings valued at over $37 billion at the time of this article.
The Block reports that Bernstein analysts anticipate MicroStrategy’s goal is to reach 4% of Bitcoin’s total supply by 2033.
This goal requires $42 billion in capital, which the company expects to secure over three years. Analysts suggest, however, that MicroStrategy could achieve this in just 18 months.
Related: MicroStrategy Breaks Into the Top 100 U.S. Public Companies
While MicroStrategy shines under Michael Saylor’s leadership, U.S. spot Bitcoin ETFs reported a staggering $3.38 billion in net inflows last week (November 18–22), as per SoSoValue.
In sharp contrast, U.S. spot Ethereum ETFs faced challenges, reporting $71.6 million in net outflows during the same period.
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