MicroStrategy Stock Surges to Record High with $2B Bitcoin Purchase

The company's latest acquisition boosts its Bitcoin holdings to nearly 280,000 coins, as Bitcoin prices hit unprecedented levels.

MicroStrategy purchased 27,200 Bitcoin for approximately $2.03 billion between October 31 and November 10, 2024.
The company now holds 279,420 Bitcoins, valued at nearly $23 billion, with an average purchase price of $42,692 per coin.
Bitcoin's recent price surge, reaching over $82,000, has significantly increased the value of MicroStrategy's holdings.
The acquisition was funded through the issuance and sale of company shares, a strategy that has been central to MicroStrategy's Bitcoin accumulation.
Investor enthusiasm, partly fueled by Donald Trump's election victory and promised crypto-friendly policies, has driven both Bitcoin and MicroStrategy's stock to new highs.