Michael Saylor’s MicroStrategy Just Top Blasted Bitcoin: It Now Holds $22 Billion BTC

MicroStrategy (MSTR) is still buying Bitcoin, and Saylor’s sustained accumulation is fueling retail traders’ search for the best wallet.

Business Intelligence firm MicroStrategy has announced its latest Bitcoin purchase, acquiring 27,200 BTC for roughly $2.03 billion in cash.

MicroStrategy purchased Bitcoin between October 31 and November 10, at an average price of $74,463 per BTC, including fees and expenses.

MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, we hodl 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR https://t.co/uCt8nNUVqd

— Michael Saylor⚡️ (@saylor) November 11, 2024

Saylor’s MicroStrategy Now Holds $23 Billion Worth Of Bitcoin

Following this latest purchase, MicroStrategy now holds a total of 279,420 BTC. At current market prices, it is worth around $23 billion. MicroStrategy has said that the BTC purchases were made using proceeds from issuing and selling its MSTR shares.

MicroStrategy reported entering into sales agreements with various companies on August 1 and October 30. As of November 10, the company had sold around 7.8 million shares for close to $2 billion.

The announcement of this latest Bitcoin purchase comes after the company’s share price spiked following Donald Trump’s victory in the United States presidential election on November 5. By November 8, the MSTR stock price had increased by nearly 20% following the confirmation of Trump’s emphatic victory.

MicroStrategy is up over 40% in a month $MSTR and @saylor keeps buying $BTC all the way up https://t.co/KpWfHtCqdJ pic.twitter.com/Uc8P1vMl7X

— Shawn (@shawncarpenter) November 11, 2024

DISCOVER: The Best Way to Buy Bitcoin With Apple Pay – One Click BTC

MicroStrategy Portfolio Tracker Shows That The Firm Is Up Over 100% On Its BTC Investments

Meanwhile, the MicroStrategy Bitcoin portfolio tracker, ‘ Saylor Tracker’, named after the company’s executive chairman, Michael Saylor, showed the firm’s return on investments on BTC had surpassed 100% on November 10.

The data tracker showed that the company’s holdings at the time had already surpassed $20.5 billion even before adding the company’s latest BTC purchase.

Data from BitcoinTreasuries shows that MicroStrategy has purchased BTC 42 separate times at an average price of $39,292. The company remains the largest corporate holder of Bitcoin by a wide margin. The next two biggest corporate holders are Marathon Digital and Riot. The two firms hold BTC worth about $2.1 billion and $840 million, respectively.

( Source: SaylorTracker.com )

BONUS: Best Wallet Just Announced Its Own Presale – With The Cheapest Price Available For Users Of The Wallet

🔥 The $BEST token presale is officially live! 🔥

For the next two weeks, this exclusive opportunity is only available to Best Wallet users, so take advantage while you can!

Join the presale now and secure your tokens at a discounted price. 🚀

Download the app! 📲… pic.twitter.com/VItxcDHAoE

— Best Wallet (@BestWalletHQ) November 11, 2024

Best Wallet is a new crypto wallet with amazing features. It has a built-in DEX, an upcoming debit card, and even an in-house gaming platform. Now, the Best team has announced the presale for its very own $BEST token.

For the first two weeks, the presale is only open to Best Wallet registered users. To access it, download the Best Wallet app from the Apple or Google stores and create an account.

From there, navigate to the “Upcoming Tokens” tab to find the $BEST presale and hit buy. Once purchased, you can view and track your $BEST tokens within the wallet.

The price available for these first two weeks will be the cheapest at any point throughout the presale, so don’t miss out— download the wallet today to get started.

VISIT BEST WALLET HERE

EXPLORE:  ETH Price Shifts Bullish Amid Monumental ETH ETF Inflows

Join The 99Bitcoins News Discord Here For The Latest Market Updates