Microstrategy buys 27,200 BTC worth over $ 2 billion; Bitcoin increases to over $ 84,000

Microstrategy, which was founded by Michael Saylor, which is now the largest corporate owner of Bitcoin (BTC), has expanded its stock of digital assets.

On Monday, Saylor announced that the listed company had acquired another 27,200 BTC for over $ 2 billion. The news coincided with the increase in the Bitcoin Prize, which achieved a new all-time high of over $ 84,000.

The world's largest and most popular cryptocurrency in the world was acted at over $ 82,000. This is followed by the mood after Donald Trump's election victory, which continues to ensure upward trend.

Microstrategy buys BTC worth $ 22 billion $

The latest Bitcoin purchase for Microstrategy takes place after the company has collected $ 2.03 billion. Microstrategy had previously announced plans to raise $ 42 billion to buy further bitcoins-a scenario that has reinforced the positive mood in terms of benchmark cryptocurrency.

Saylor said his company issued this proceeds for the purchase of further 27,200 BTC. With this takeover, which was completed at an average price of $ 74,463, Microstrategy now has a total of 279,420 bitcoins.

Microstrategy has acquired 27,200 BTC for about $ 2.03 billion at a price of around $ 74,463 $ #bitcoin and has reached a BTC return of 7.3 % qtd and 26.4 % ytd. On 10.11.2024 we hold 279.420 $ btc for about 11.9 billion US dollar $ 42,692 per Bitcoin. $ mstr https://t.co/uct8nnuvqd

- Michael Saylor⚡️ (@Saylor) 11. November 2024

The company spent a total of $ 11.9 billion to buy BTC at average price of $ 42,692 per coin. At a current price of $ 84,153, the Bitcoin stocks of Microstrategy amount to over $ 23.5 billion.

The BTC has achieved a return of 7.3 % in the previous quarter and in the previous year of 26.4 %.

"Our MSTR treasury operations in the first 10 November days led to a BTC return of 7.3 %, which represents a net part of ~ 18,410 BTC for our shareholders," said Saylor Posted on X .