MicroStrategy Expands Bitcoin Holdings: Acquires Additional 27,200 BTC for $2.03 Billion

As of November 11th, MicroStrategy’s founder Michael Saylor announced via social media that the company has successfully procured an additional 27,200 bitcoins at an average price of approximately $74,463. This latest acquisition adds significant value to MicroStrategy’s holdings, bringing the total investment to around $2.03 billion. Following this purchase, MicroStrategy’s cumulative bitcoin holdings now total 279,420 bitcoins, with an overall acquisition cost estimated at $11.9 billion. The average acquisition price of their significant bitcoin stockpile stands at roughly $42,692. This strategic move underscores MicroStrategy’s continued commitment to investing heavily in the cryptocurrency market, reinforcing the company’s positioning within the evolving digital asset landscape.