MicroStrategy announced the acquisition of 55,500 BTC for approximately $5.4 billion at an average purchase price of $97,862 per Bitcoin. The company reported a quarter-to-date Bitcoin return of 35.2 percent and a year-to-date return of 59.3 percent. As of November 24, 2024, MicroStrategy holds a total of 386,700 BTC, acquired at an average price of $56,761 per Bitcoin, with a cumulative acquisition cost of $21.9 billion.

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MicroStrategy is not only a pioneer in adopting Bitcoin as an institutional asset but has also managed to firmly establish its position in the highly volatile cryptocurrency market. These bold moves can inspire other companies to reevaluate their investment strategies in the digital asset space.

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