MicroStrategy buys 27,200 more BTC, total is "earning" 10.7 billion USD

Although the total investment is making a profit of more than 10.7 billion USD, MicroStrategy continues to use 2.03 billion USD in cash to buy 27,200 more Bitcoins around the price of 74,464 USD.

In the latest announcement on the evening of November 11, 2024, the software company MicroStrategy said that in the period from October 31 to November 10, 2024, it used 2.03 billion USD in cash to buy 27,200 more Bitcoins at an average price of about 74,463 USD per coin.

MicroStrategy's latest Bitcoin purchases were made using proceeds from the issuance and sale of Class A common stock under agreements entered into in August 2024 through October 2024 with a number of partners.

MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, we hold 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR https://t.co/uCt8nNUVqd

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

Thus, billionaire Michael Saylor's company has increased its total Bitcoin ownership to 279,420, with an average purchase price of $42,692 per BTC, representing an increase of nearly 11% compared to the 252,220 BTC recorded at the end of October.

MicroStrategy's total Bitcoin investment portfolio is now recording a profit of nearly $10.9 billion, equivalent to a profit rate of 90.95% on the initial capital of $11.9 billion.

The company’s BTC Yield Index, which calculates the company’s BTC investment return, is 26.4% as of 2024, nearly double what it reported in Q2.

Notably, the company announced its “21/21 Plan,” which plans to raise $42 billion over the next three years, split equally between equity and fixed-income debt. The proceeds will continue to fund the company’s Bitcoin buying strategy.

MicroStrategy seriously entered the Bitcoin market in August 2020, with its first investment of $250 million. Since then, despite its continuous losses, it has continued to add Bitcoin to its reserves and has stated that it has no plans to sell Bitcoin.

MicroStrategy’s MSTR stock price has increased by 250% this year, far surpassing the performance of BTC and ETH. The company's founder, billionaire Michael Saylor, has repeatedly stated in recent statements that the price of Bitcoin could reach $13 million per coin by 2045.