MicroStrategy reported additional Bitcoin purchases during the period of November 11-17, 2024, acquiring a total of 51,780 BTC valued at approximately 4.6 billion dollars, averaging at $88,627 per BTC including fees.
The recent purchase marks a significant increase from their previous average purchase of $74,463 during the period of October 31 to November 10. This week’s report indicates a higher quantity purchased along with a corresponding rise in average cost.
As of November 17, 2024, MicroStrategy holds approximately 331,200 BTC with a total cost of 16.5 billion dollars, averaging at $49,874 per BTC.
Source: MicroStrategy
TLDR: MicroStrategy continues to increase their Bitcoin holdings with additional purchases, showing a rise in both quantity acquired and average cost per BTC.
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