MicroStrategy, the publicly traded company with the largest BTC holdings globally, has recently increased its BTC acquisition. According to the press release, MicroStrategy purchased approximately 27,200 BTC for around $2.03 billion, with an average price of $74,463 per BTC (including fees and other costs) during the period from October 31 to November 10, 2024.
As of the end of this purchase, MicroStrategy and its subsidiaries hold a total of approximately 279,420 BTC, with a total investment amount of around $11.9 billion and an average cost of $42,692 per BTC.
It is worth noting that MicroStrategy had previously announced a plan to raise $42 billion in the coming years to further fund its BTC acquisition needs. Even JPMorgan Chase pointed out in a report last weekend that in addition to the expected benefits from Donald Trump's victory in the US presidential election, BTC's price is expected to be further driven by MicroStrategy's investment plan.
