MicroStrategy Doubles Down on Bitcoin with $836 Million Purchase Amid Stock Decline
Between November 10 and November 16, Strategy has made another significant Bitcoin purchase. Despite concerns about the crypto market entering a potential bear phase, Michael Saylor’s company continued its streak of buying Bitcoin.
Strategy purchased 8,178 BTC for $835.6 million, at an average price of $102,171 per Bitcoin. This purchase brings Strategy’s total holdings to 649,870 BTC, acquired for approximately $48.37 billion. The company’s Bitcoin yield year-to-date stands at 27.8%.
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