BPOI Banner
Follow
Follow
Facebook Twitter Instagram Youtube
JOIN OUR TRADING GROUP
Facebook Twitter Instagram Youtube
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.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

André Beganski

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

2024-11-25 14:45:04

byAndré Beganski
Updated

Read more

bitcoin
Bitcoin (BTC) $ 93,540.06 1.24%
ethereum
Ethereum (ETH) $ 3,355.45 0.93%
tether
Tether (USDT) $ 0.998471 0.00%
xrp
XRP (XRP) $ 2.14 2.12%
bnb
BNB (BNB) $ 699.76 3.65%
solana
Solana (SOL) $ 192.76 0.37%
dogecoin
Dogecoin (DOGE) $ 0.315021 1.85%
usd-coin
USDC (USDC) $ 1.00 0.03%
staked-ether
Lido Staked Ether (STETH) $ 3,354.76 0.86%
cardano
Cardano (ADA) $ 0.867807 1.78%
tron
TRON (TRX) $ 0.260913 1.57%
avalanche-2
Avalanche (AVAX) $ 36.22 3.46%
the-open-network
Toncoin (TON) $ 5.67 1.97%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,992.11 0.80%
chainlink
Chainlink (LINK) $ 21.27 2.16%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 1.93%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 93,552.07 1.20%
sui
Sui (SUI) $ 4.12 1.55%
hedera-hashgraph
Hedera (HBAR) $ 0.281231 1.76%
polkadot
Polkadot (DOT) $ 6.90 1.90%
stellar
Stellar (XLM) $ 0.343687 2.41%
weth
WETH (WETH) $ 3,355.75 0.86%
hyperliquid
Hyperliquid (HYPE) $ 27.25 2.40%
bitcoin-cash
Bitcoin Cash (BCH) $ 442.21 0.96%
bitget-token
Bitget Token (BGB) $ 6.06 17.24%
leo-token
LEO Token (LEO) $ 8.98 2.88%
uniswap
Uniswap (UNI) $ 13.08 1.86%
pepe
Pepe (PEPE) $ 0.000018 4.04%
litecoin
Litecoin (LTC) $ 98.38 1.97%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,543.82 0.86%
near
NEAR Protocol (NEAR) $ 5.17 1.32%
ethena-usde
Ethena USDe (USDE) $ 0.997647 0.02%
usds
USDS (USDS) $ 0.99995 0.01%
aptos
Aptos (APT) $ 8.94 2.03%
aave
Aave (AAVE) $ 330.74 2.99%
internet-computer
Internet Computer (ICP) $ 10.10 4.38%
mantle
Mantle (MNT) $ 1.20 0.93%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.469843 2.96%
crypto-com-chain
Cronos (CRO) $ 0.144629 3.20%
ethereum-classic
Ethereum Classic (ETC) $ 25.83 2.07%
vechain
VeChain (VET) $ 0.045385 2.33%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 3.61 9.98%
render-token
Render (RENDER) $ 6.91 2.84%
whitebit
WhiteBIT Coin (WBT) $ 24.69 0.21%
mantra-dao
MANTRA (OM) $ 3.73 0.47%
monero
Monero (XMR) $ 192.15 2.28%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.30 3.83%
bittensor
Bittensor (TAO) $ 457.46 2.22%
dai
Dai (DAI) $ 1.00 0.05%
arbitrum
Arbitrum (ARB) $ 0.752911 2.09%