MicroStrategy Scoops Up $4.6 Billion of Bitcoin, Buy Opportunity?

Quick Summary:

On November 18, 2024, Michael Saylor, the founder and chairman of MSTR made a post on X (formerly Twitter) that the firm had acquired a significant 51,780 BTC, worth $4.6 billion.MicroStrategy’s $4.

MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per #bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD.

As of now, MicroStrategy’s BTC holding increased to 331,200 with an average price of $49,874.

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Article Details

Author / Journalist: Chandan Gupta

Category: Crypto

Markets: United States

Topics: Crypto news News Cryptocurrency Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 14:04:03 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 333 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23662054

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