MicroStrategy Buys 27,200 Bitcoin for $2.03 Billion

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MicroStrategy the world’s first Bitcoin Treasury Company has acquired about 27,200 bitcoins between October 31 and November 10, 2024, worth around $2.03 billion. The company purchased these bitcoins at an average price of $74,463 each. As of November 11, 2024, the company now holds a total of 279,420 bitcoins, with an overall investment of approximately $11.9 billion. The average purchase price for these holdings stands at around $42,692 per bitcoin. This massive purchase shows they’re betting big on Bitcoin’s future.