Orhan 
A significant development has shaken the cryptocurrency market and Bitcoin prices.
According to breaking news, MicroStrategy has purchased approximately 51,780 Bitcoin for around $4.6 billion in cash. The acquisition took place between November 11 and November 17, as announced by the company.
MicroStrategy paid an average price of $88,627 per Bitcoin for this purchase.
In a statement, Michael Saylor, the founder of MicroStrategy, said:
“As of November 17, 2024, we hold approximately 331,200 BTC acquired for $16.5 billion at an average price of $49,874 per Bitcoin.”
The Bitcoin purchases were financed using proceeds from stock issuance and sales under an ATM (at-the-market) program. So far, MicroStrategy has used $5.7 billion of its $21 billion ATM program, leaving $15.3 billion available. At this pace, the company could exhaust its ATM program by year-end.
Key Figures:
– Total BTC Holdings: 331,200 BTC (representing 1.58% of the total Bitcoin supply).
– BTC Return (October 1 – November 17): 20.4%.
– Year-to-Date BTC Return: 41.8%.
This massive purchase underscores MicroStrategy’s continued bullish stance on Bitcoin and its strategy to leverage cryptocurrency as a key corporate asset.
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