MicroStrategy bought another 55,500 bitcoins for $5.4 billion

Between November 18-24, Michael Saylor's MicroStrategy acquired another 55,500 bitcoins worth about $5.4 billion at an average price of $97,862 per bitcoin. This is the largest of the company's purchases in dollar terms.

Funds for the purchase of the next batch of bitcoins were received from the placement of convertible bonds and the issue and sale of MSTR shares.

As of November 24, 2024, MicroStrategy, along with its subsidiaries, owns 386,700 BTC at an average purchase price of $56,761 per bitcoin, for which it has spent a total of $21.9 billion.