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South Korea’s Public Pension Fund Invests $34 Millon in MicroStrategy South Korea’s Public Pension Fund Invests $34 Millon in MicroStrategy

MicroStrategy Makes Largest-Ever Bitcoin Buy, Adding $5.4 Billion Worth

November 25, 2024

MicroStrategy unveiled a $5.4 billion Bitcoin purchase Monday, lifting its total holdings to 386,700 BTC—or $37.6 billion worth—as the company topped off its corporate coffers for the third time this month. It’s the firm’s largest-ever Bitcoin purchase disclosure, both in terms of BTC total and U.S. dollar value.

The recent purchase run, which took place over the past week, represented MicroStrategy’s largest Bitcoin acquisition since the Tysons Corner, Virginia-based firm started accumulating Bitcoin in August 2020 under the leadership of Executive Chairman Michael Saylor.

In a filing, MicroStrategy said that the $5.4 billion in Bitcoin was purchased using the proceeds of convertible note offerings and the sales of its shares. Averaging around $97,862 per Bitcoin purchased, the company said it had obtained around 55,500 Bitcoin using only cash.

Editor’s note: This story is breaking and will be updated with additional details.

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André Beganski

https://decrypt.co/293440/microstrategy-buys-5-4-billion-bitcoin

2024-11-25 14:45:04

byAndré Beganski
Updated

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