MicroStrategy, the enterprise intelligence firm based by Michael Saylor, is at present the most important company holder of Bitcoin (BTC) and is rising its holdings of the digital asset even additional.

On Monday, Saylor introduced that the publicly traded firm had acquired an extra 27,200 BTC for greater than $2 billion. This information coincided with a surge in Bitcoin costs, reaching an all-time excessive of over $84,000.

Beforehand, the world's largest and hottest cryptocurrency traded for greater than $82,000. This follows sentiment from President Donald Trump's victory, which continues to generate bullish buzz.

MicroStrategy buys $22 billion in BTC

MicroStrategy's newest Bitcoin buy comes after the corporate raised $2.03 billion. Earlier, MicroStrategy revealed plans to lift $42 billion to purchase extra Bitcoin, a state of affairs that additional added to the general bullish temper for the benchmark cryptocurrency.

Saylor stated his firm used these proceeds to buy an extra 27,200 BTC. With this acquisition accomplished at a mean value of $74,463, MicroStrategy now holds a complete of 279,420 Bitcoins.

MicroStrategy acquired 27,200 BTC for roughly $2.03 billion at roughly $74,463 every #bitcoin And it achieved a BTC yield of seven.3% QTD and 26.4% YTD. Owned by 279,420 individuals as of November 10, 2024 $BTC It was acquired for about $11.9 billion at about $42,692 per Bitcoin. $MSTR https://t.co/uCt8nNUVqd

— Michael Saylor ⚡️ (@saylor) November 11, 2024

The corporate spent a complete of $11.9 billion to buy BTC at a mean value of $42,692 per coin. On the present value of $84,153, MicroStrategy's Bitcoin holdings are over $23.5 billion.

BTC has achieved a quarter-to-date yield of seven.3% and a year-to-date yield of 26.4%.

“Our MSTR monetary operations in the course of the first 10 days of November resulted in a BTC yield of seven.3% and a internet revenue of roughly 18,410 BTC for our shareholders,” Saylor posted on X.