MicroStrategy Spends $2 Billion On 27,200 More BTC

MicroStrategy, the largest corporate holder of Bitcoin, purchased approximately 27,200 bitcoins for $2.03 billion at an average price of $74,463 per coin between Oct. 31 and Nov. 10, 2024. This brings its total Bitcoin holdings to 279,420, valued at $11.9 billion. The purchases were funded through share issuance. Despite reporting quarterly sales of $116 million, which missed estimates, MicroStrategy also announced plans to raise $42 billion for future Bitcoin acquisitions.
https://x.com/scottmelker/status/1856003908109210103?t=r3WUcFZ0_uLGYv5l84X2YQ&s=19