MicroStrategy made a bold move by acquiring 27,200 Bitcoin for $2.03 billion between late October and early November, marking its largest purchase since December 2020.
Michael Saylor's strategy to use a combination of cash, stock issuance proceeds, and convertible debt sales for Bitcoin investments has proven remarkably effective, showcasing significant buying power.
The company's stock has surged over 2,500% since August 2020, a performance that outstripped even high-flying stocks like Nvidia, reflecting a successful investment strategy bolstered by rising Bitcoin prices.
As of November 10, MicroStrategy's Bitcoin holdings reached approximately 279,420 BTC, at a valuation of about $24 billion, showcasing its position as a leading corporate holder of the cryptocurrency.
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