CryptoFinance & Economy

[NEWS] US company MicroStrategy buys large amount of Bitcoin, shares hit highest in 24 years

2024/11/12 09:41 (Updated 2025/02/12 12:52)
Editors of Iolite
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[NEWS] US company MicroStrategy buys large amount of Bitcoin, shares hit highest in 24 years

The boom in the cryptocurrency market is the cause

MicroStrategy announced on the 11th that it had purchased additional Bitcoin (BTC).

The amount of Bitcoin purchased was 27,200 BTC, which is about 2.03 billion dollars (about 312 billion yen). The average acquisition price was about 74,463 dollars (about 11.45 million yen).

As a result, the Bitcoin held by MicroStrategy at the time of writing is 279,420 BTC, equivalent to about 3.75 trillion yen. The average acquisition price to date is 42,692 dollars (about 6.55 million yen).

Currently, Bitcoin has far exceeded 80,000 dollars (about 12.3 million yen) and is breaking its record high every day, and in response to this, MicroStrategy's stock price has also risen significantly. In trading on the 11th, it recorded 340 dollars (about 52,220 yen), up 25.73% from the previous day. This surpasses the all-time high the company recorded on March 10, 2000.

Also, among cryptocurrency (virtual currency)-related companies, the U.S. cryptocurrency exchange Coinbase saw its stock price rise by 19.76%, reaching the $300 (approximately 46,000 yen) range for the first time since November 2021. In both cases, buying was driven by the strong cryptocurrency market.

Source: Announcement
Image: Shutterstock

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Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.