The post MicroStrategy’s Bitcoin Holdings Hit $30.8 Billion With Largest-Ever 51,780 BTC Buy appeared on BitcoinEthereumNews.com.

Right now, the Bitcoin price sits above the $93,000 level. And, the Bitcoin market is slowly climbing upwards. In the last 24 hours alone, the market has seen a rise of 1.3%. At a time when Bitcoin investors are witnessing consistent growth in the value of their investments, MicroStrategy, the public company with the highest BTC holdings, has once again grabbed headlines for its recent purchase of 51,780 BTC – the largest BTC purchase the company has ever made. The total BTC holdings of MicroStrategy have now grown to 331,200 BTC. Curious to know about MicoStrategy’s Bitcoin journey? Here is what you should know about the big moves that MicroStrategy have even made in the Bitcoin market. Dive in!  MicoStrategy’s Latest Record Purchase  On November 18, MicroStrategy purchased at least 51,780 BTC at an average price of $88,627 each. The company spent at least $4.6 billion for the purchase. With the recent purchase, the total BTC holdings of MicroStrategy has soared to at least 331,200 BTC, worth at least $30,837,038,400. Interestingly, the November 18 purchase is the largest purchase the company has ever made. At the start of November 18, the price of Bitcoin stood at $89,831.11. Since then, it has surged by at least 3.52%.     MicoStrategy’s Top Bitcoin Buys and Their Market Effects  It was on August 11, 2020, that MicroStrategy entered the BTC market for the first time. The purchase of 21,454 BTC tokens on that day marked the company’s first foray. The purchase made no significant impact on the market that day. Moreover, at the time of close, the BTC price declined from $11,682 to $11,579.  However, just four months after the first purchase, on December 21, 2020, the company made another massive purchase of 29,646 BTC tokens. Though on that day the Bitcoin price slightly jumped…

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Filed under: News - @ November 20, 2024 11:24 am