MicroStrategy buys 27,200 Bitcoin for $2 billion, boosting total holdings to 279,420

MicroStrategy Inc. has acquired 27,200 Bitcoin for about $2.03 billion, completed between October 31 and November 10. The purchase price averaged $74,463 per Bitcoin, raising the company's total holdings to 279,420 Bitcoin at an average cost of $42,692 each. The acquisition was funded through stock sales, generating $2.03 billion from agreements with TD Securities and Barclays. MicroStrategy has sold over 7.8 million shares under these arrangements, shifting future sales to a new agreement. MicroStrategy views Bitcoin as a strategic asset, recently reporting over $10 billion in unrealized profits from its investments. The company's Bitcoin holdings are now valued at over $20 billion, reinforcing its position in corporate Bitcoin adoption.