tl;dr
MicroStrategy has acquired an additional 27,200 BTC for $2 billion, bringing its total holdings to 279,420 BTC with an average price of $42,692 per bitcoin. The company achieved a BTC yield of 7.3% quarter-to-date and 26.4% year-to-date. This acquisition comes as Bitcoin reaches all-time highs, resu...
MicroStrategy has acquired an additional 27,200 BTC for $2 billion, bringing its total holdings to 279,420 BTC with an average price of $42,692 per bitcoin. The company achieved a BTC yield of 7.3% quarter-to-date and 26.4% year-to-date. This acquisition comes as Bitcoin reaches all-time highs, resulting in an unrealized profit of over $10 billion for MicroStrategy. The company's stock surged 8% following this announcement.
MicroStrategy's MSTR stock has experienced an 8% increase, reflecting the positive impact of the Bitcoin acquisition. The company's exposure to Bitcoin has consistently contributed to a bullish outlook for its stock price, with the stock up over 300% year-to-date and over 1,000% since adopting the 'Bitcoin Strategy' in 2020. There are predictions of potential substantial inflows and stock rally if MicroStrategy becomes part of the S&P 500, and the company plans to raise funds to buy more BTC.
MicroStrategy announced in a press release that it had acquired 27,200 BTC for $2 billion at an average price of $74,463 per Bitcoin between October 31 and November 10. This brings its total holdings to 279,420 bitcoins, which it acquired for a total of $11.9 billion and at an average price of $42,692 per bitcoin.
MICROSTRATEGY ACQUIRES 27,200 BTC MicroStrategy announced in a press release that it had acquired 27,200 BTC for $2 billion at an average price of $74,463 per Bitcoin between October 31 and November 10. This brings its total holdings to 279,420 bitcoins, which it acquired for a total of $11.9 billion and at an average price of $42,692 per bitcoin. The company also revealed that it achieved a BTC yield of 7.3% quarter-to-date (QTD) and 26.4% year-to-date (YTD).
MSTR STOCK JUMPS 8% Nasdaq data shows that MicroStrategy’s MSTR stock is up 8% amid this announcement of the Bitcoin acquisition. The company’s exposure to the flagship crypto has always provided a bullish outlook for its stock price. The MSTR stock is up over 300% year-to-date, outperforming Bitcoin and other major assets in the process. Interestingly, the stock is up over 1,000% since the software company adopted the ‘Bitcoin Strategy’ in 2020. Crypto analyst Willy Woo recently predicted that MicroStrategy could see $10 billion in inflows if it eventually becomes part of the S&P 500. This could cause the stock to rally to $500. Meanwhile, besides a potential S&P 500 inclusion, the stock’s trajectory is also bullish as MicroStrategy plans to keep buying more Bitcoin. The company recently announced plans to raise $42 billion through share sales and fixed-income securities to buy more BTC.