MicroStrategy has expanded its Bitcoin reserves again. The company’s chairman announced on Monday that it had acquired another 55,500 BTC. This purchase, worth approximately $5.4 billion, was made at an average price of $97,862 per Bitcoin.
The company’s Bitcoin holdings now total 386,700 BTC, acquired at an aggregate cost of around $21.9 billion, averaging $56,761 per Bitcoin. As of November 24, 2024, MicroStrategy has achieved a quarterly Bitcoin yield of 35.2% and a year-to-date yield of 59.3%.
Despite this major acquisition, MicroStrategy’s stock price saw a decline. By the end of Monday’s trading session, $MSTR closed at $403.45, reflecting a 4.37% drop for the day.