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MicroStrategy Now Holds Nearly $23 Billion in Bitcoin
This latest development follows a surge in MicroStrategy's stock price
Waivly Crew
November 11, 2024
While many investors hesitate to buy Bitcoin when its price soars to new heights, MicroStrategy has taken a bold step forward, reaffirming its unwavering commitment to the cryptocurrency.
On November 11, the business intelligence giant revealed it had acquired an additional 27,200 Bitcoin, totaling approximately $2.03 billion. These coins were purchased between October 31 and November 10, at an average price of $74,463 per Bitcoin, including fees and expenses.
With this latest acquisition, MicroStrategy now holds a massive 279,420 Bitcoin, valued at nearly $23 billion at current market prices.
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