MicroStrategy makes record-breaking $4.6 billion Bitcoin purchase, its largest investment yet

MicroStrategy makes record-breaking $4.6 billion Bitcoin purchase, its largest investment yet
фото показано с : invezz.com

2024-11-18 17:42

MicroStrategy Inc., known for its enterprise software solutions and bold foray into cryptocurrency investment, has made its largest Bitcoin purchase to date.

Between November 11 and 17, the firm acquired 51,780 BTC for approximately $4.6 billion, according to a filing with the US Securities and Exchange Commission on Monday.

With this significant acquisition, MicroStrategy now holds a total of 331,200 BTC, valued at more than $29 billion.

The company’s average cost per Bitcoin stands at $49,875, totaling $16.5 billion spent since it began buying the digital asset in 2020.

This latest move is part of an aggressive investment strategy led by co-founder and Chairman Michael Saylor, who views Bitcoin as a safeguard against inflation and a key asset for long-term growth.

MicroStrategy has ambitious plans to further expand its Bitcoin portfolio.

The company aims to raise $42 billion over the next three years under Saylor’s “21/21 Plan,” which outlines $21 billion in equity raises and $21 billion in debt offerings.

This strategic approach is designed to capitalize on Bitcoin’s projected growth, with analysts anticipating a price surge to $100,000 within the next three months.

Analysts’ view on MicroStrategy’s stock

Currently, MicroStrategy holds approximately 1.2% of the total Bitcoin supply, ranking it as the fifth-largest holder after Bitcoin’s creator Satoshi Nakamoto, Binance, BlackRock, and Grayscale.

The company’s bold acquisitions have cemented its reputation as a leading crypto hedge proxy and a prominent force in the digital asset space.

Wall Street analysts are optimistic about the potential growth of MicroStrategy’s stock, buoyed by Bitcoin’s expected climb.

Recent 12-month price targets for the company’s shares average $302.75, with high estimates reaching $385.00.

If Bitcoin’s price continues to rise, MicroStrategy’s stock could see significant gains, aligning with Saylor’s long-term vision of leveraging Bitcoin as a primary corporate asset.

The post MicroStrategy makes record-breaking $4.6 billion Bitcoin purchase, its largest investment yet appeared first on Invezz

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 74627.23 (-0.46%)
Объем 24H $37.201b
Изменеия 24h: 1.09 %, 7d: 5.12 %
Cегодня L: $74590.27 - H: $75078.92
Капитализация $1493.776b Rank 1
Цена в час новости $ 91995.38 (-18.88%)

microstrategy investment largest bitcoin purchase date between

Источник: invezz.com

microstrategy investment → Результатов: 126


Are Coinbase shares an indirect way for institutions to invest in Bitcoin and other cryptos

The flow of institutional investment into the Bitcoin and cryptocurrency industry was a welcome change that marked the previous year. With industry behemoths like Microstrategy and Tesla going bullishThe post Are Coinbase shares an indirect way for institutions to invest in Bitcoin and other cryptos appeared first on AMBCrypto.

2021-8-26 04:00


Фото:

MicroStrategy Is Ready To Splash Half A Billion Dollars On The Bitcoin Market

Michael Saylor’s MicroStrategy is gearing up to invest nearly half a billion dollars in bitcoin following the close of its offering as it pertains to the sales of senior secured notes. Earlier this month, the company announced plans to sell with a view to funding additional investment in Bitcoin. The press release revealing as much […]

2021-6-15 00:06


В NYDIG спрогнозировали рост активов под управлением до $25 млрд

В New York Digital Investment Group (NYDIG) рассчитывают, что к концу текущего года объем активов под управлением вырастет с $6 до $25 млрд. Такое заявление сделал ее основатель Росс Стивенс на конференции MicroStrategy World 2021, сообщает The Block.

2021-2-4 12:31


Фото:

NYDIG хочет накопить биткоинов на $25 млрд

Основатель и председатель New York Digital Investment Group (NYDIG) Росс Стивенс ожидает, что к концу текущего года объем биткоинов под управлением его компании существенно возрастет. В разговоре с CEO MicroStrategy Майклом Сэйлором на видеоконференции MicroStrategy World 2021 Стивенс заявил, что NYDIG уже располагает $6 млрд в биткоине, а к концу 2021 года это значение может превысить $25 млрд.

2021-2-4 11:23


Morgan Stanley Increases its Stake In BTC HOLDer MicroStrategy to 10.9%

Banking giant Morgan Stanley has jumped on the Bitcoin bandwagon via MicroStrategy Inc. by increasing its stake in the company to more than 10% late last year. According to a filing with the US Securities and Exchange Commission (SEC) on Friday, the investment management arm of the bank held 792,627 shares of MicroStrategy by the […] The post Morgan Stanley Increases its Stake In BTC HOLDer MicroStrategy to 10.9% first appeared on BitcoinExchangeGuide.

2021-1-9 18:03


Ruffer Investment Reduces Gold Exposure & Adds Bitcoin as an ‘Insurance Policy’ Against Currency Devaluation

UK-based traditional asset manager Ruffer Investment is the latest company to allocate 2. 5% of its portfolio to Bitcoin. Much like Paul Tudor Jones, MicroStrategy, Square, MassMutual, and other institutions, Ruffer uses Bitcoin as insurance against the devaluation of the world’s fiat currencies.

2020-12-17 22:36


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Evening digest: US eases shipping rules, Bitcoin slips below $72K

On Wednesday, the Federal Reserve held the policy rates, while the US wholesale inflation surged. Trump administration also allowed a waiver permitting foreign-flagged vessels to transport fuel between domestic ports to address price pressures and supply disruptions linked to the Iran conflict.