COINOTAG News reported on November 25th that Michael Saylor, founder of MicroStrategy, announced the strategic acquisition of an additional 55,500 bitcoins at an average price of about $97,862. This transaction significantly enhances MicroStrategy’s holdings, bringing their total bitcoin assets to 386,700, valuing around $5.4 billion. As of November 24, 2024, the company’s cumulative investment in bitcoin stands at approximately $21.9 billion, with an average purchase cost of $56,761 per coin. This acquisition underscores MicroStrategy’s persistent commitment to a bullish cryptocurrency strategy, positioning it as a formidable player in the digital asset space. Analysts will closely monitor how this extensive investment affects MicroStrategy’s financial standing and its influence within the broader crypto market.
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