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MicroStrategy Buys Another $2B Bitcoin, BTC Price to $100K?
The post MicroStrategy Buys Another $2B Bitcoin, BTC Price to $100K? appeared on BitcoinEthereumNews.com. On November 11, MicroStrategy, Inc. (Nasdaq: MSTR), renowned as the first and largest corporate holder of Bitcoin, reported a major update regarding its BTC accumulation, capital strategy, and BTC Yield performance indicator. It has added over $2 billion worth of Bitcoin to its reserve. MicroStrategy Keeps Up Bitcoin Acquisition Spree Between October 31 and November 10, 2024, MicroStrategy added approximately 27,200 BTC to its holdings, according to the latest announcement. They invest $2.03 billion in cash at an average rate of $74,463 per Bitcoin, including related fees and costs. These purchases were funded through proceeds from share sales under existing sales agreements. MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, we hodl 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR https://t.co/uCt8nNUVqd — Michael Saylor⚡️ (@saylor) November 11, 2024 Following this acquisition, MicroStrategy and its subsidiaries now own a total of around 279,420 Bitcoins, valued collectively at $11.9 billion. The company’s average acquisition price across all purchases stands at $42,692 per Bitcoin, including associated costs. This significant purchase is in line with MicroStrategy’s aggressive Bitcoin-focused strategy, reaffirmed in its third-quarter financial results disclosed on October 30. During this update, MicroStrategy introduced its ambitious “21/21 Plan,” a capital-raising initiative that targets $21 billion in both equity and fixed-income securities over the next three years. The objective of this plan is to further expand its Bitcoin holdings, aiming to enhance shareholder returns and BTC Yield. President and CEO Phong Le highlighted that the 21/21 Plan is a pivotal part of MicroStrategy’s commitment to maximizing shareholder value. By boosting BTC Yield through strategic investments, MicroStrategy underscores its unwavering belief in Bitcoin as a treasury asset with long-term value potential. BTC Price Surge Currently,…
The post MicroStrategy Buys Another $2B Bitcoin, BTC Price to $100K? appeared on BitcoinEthereumNews.com.
On November 11, MicroStrategy, Inc. (Nasdaq: MSTR), renowned as the first and largest corporate holder of Bitcoin, reported a major update regarding its BTC accumulation, capital strategy, and BTC Yield performance indicator. It has added over $2 billion worth of Bitcoin to its reserve. MicroStrategy Keeps Up Bitcoin Acquisition Spree Between October 31 and November 10, 2024, MicroStrategy added approximately 27,200 BTC to its holdings, according to the latest announcement. They invest $2.03 billion in cash at an average rate of $74,463 per Bitcoin, including related fees and costs. These purchases were funded through proceeds from share sales under existing sales agreements. MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, we hodl 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR https://t.co/uCt8nNUVqd — Michael Saylor⚡️ (@saylor) November 11, 2024 Following this acquisition, MicroStrategy and its subsidiaries now own a total of around 279,420 Bitcoins, valued collectively at $11.9 billion. The company’s average acquisition price across all purchases stands at $42,692 per Bitcoin, including associated costs. This significant purchase is in line with MicroStrategy’s aggressive Bitcoin-focused strategy, reaffirmed in its third-quarter financial results disclosed on October 30. During this update, MicroStrategy introduced its ambitious “21/21 Plan,” a capital-raising initiative that targets $21 billion in both equity and fixed-income securities over the next three years. The objective of this plan is to further expand its Bitcoin holdings, aiming to enhance shareholder returns and BTC Yield. President and CEO Phong Le highlighted that the 21/21 Plan is a pivotal part of MicroStrategy’s commitment to maximizing shareholder value. By boosting BTC Yield through strategic investments, MicroStrategy underscores its unwavering belief in Bitcoin as a treasury asset with long-term value potential. BTC Price Surge Currently,…
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