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MicroStrategy’s Bitcoin Stash Soars to $22 Billion

MicroStrategy’s Bitcoin Stash Soars to $22 Billion

CryptodnesCryptodnes2024/11/11 21:44
By:Cryptodnes

MicroStrategy has seen its Bitcoin holdings soar in value, surpassing $22 billion as Bitcoin’s price surged above $82,000.

The business intelligence company now holds 279,420  BTC , worth approximately $22.9 billion, reflecting a 110% gain on its investment.

This remarkable growth stems from MicroStrategy’s consistent Bitcoin accumulation strategy, with an average purchase price of $39,292 across 42 separate buys.

As the largest corporate Bitcoin holder, MicroStrategy leads the way, far outpacing companies like Marathon Digital and Riot Platforms, which have holdings valued at $2.1 billion and $840 million, respectively.

READ MORE:
Bitcoin Breaks $82,000 – Bullish Trend Continues

The company has ambitious plans to expand its Bitcoin portfolio even further, aiming to raise $42 billion over the next three years through its “21/21” initiative, which combines $21 billion in equity with $21 billion in fixed-income securities.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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