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CryptoIntelligence 2024-11-11 15:55:00

MicroStrategy’s Bitcoin Holdings Jump Over $20 Billion Amid Rally

MicroStrategy’s Bitcoin Holdings Jump Over $20 Billion Amid Rally

MicroStrategy’s Bitcoin holdings have surged in value to over $20 billion as Bitcoin’s price climbed above $80,000. The company now holds 252,200 Bitcoin, valued at $20.5 billion, which represents a 104% gain on its total Bitcoin investment, according to the “Saylor Tracker,” named after MicroStrategy’s executive chairman, Michael Saylor. Data from BitcoinTreasuries shows that MicroStrategy has acquired Bitcoin through 42 purchases, averaging a cost of $39,292 per Bitcoin. MicroStrategy remains the largest corporate Bitcoin holder, followed by Bitcoin miners Marathon Digital and Riot Platforms, whose Bitcoin holdings are worth $2.1 billion and $840 million, respectively. The firm has ambitious plans

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