MicroStrategy’s Bitcoin Acquisition Surges: 55,500 BTC Added to Reach 386,700 Total

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.