MicroStrategy has reported additional purchases of Bitcoin from October 31st to November 10th, 2024, acquiring approximately 27,200 BTC valued at around $2.03 billion, at an average of $74,463 per BTC including fees.
This latest round of Bitcoin purchases has brought MicroStrategy’s total holdings to about 279,420 BTC, with a total cost of approximately $11.9 billion, averaging $42,692 per BTC.
According to MicroStrategy, their investments in Bitcoin during this period have yielded returns of 7.4% in the past quarter and 26% year-to-date.
The latest price of Bitcoin continues to trend upwards, nearing $90,000 after recently surpassing $80,000.
Source: MicroStrategy
TLDR: MicroStrategy continues to increase their Bitcoin holdings with additional purchases, citing positive returns on their investments and a bullish trend in Bitcoin’s price.
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