MicroStrategy Expands Bitcoin Holdings to $23B with New $2B Purchase

MicroStrategy has increased its Bitcoin holdings to 279,420 BTC, valued at nearly $23 billion, after purchasing 27,200 BTC for approximately $2.03 billion. The company funded these purchases by selling shares, reflecting a strong commitment to Bitcoin despite its high market price. MicroStrategy's Bitcoin yield was 7.3% from October 1 to November 10, and its return on investment has surpassed 100%. The firm remains the largest corporate holder of Bitcoin, significantly ahead of other companies like Marathon Digital and Riot Platforms.