---
title: "MicroStrategy Buys 27,200 BTC for Over $2 Billion as Bitcoin Paper Profit Crosses $10 Billion"
url: https://diffcoin.com/microstrategy-buys-27200-btc-for-over-2-billion-as-bitcoin-paper-profit-crosses-10-billion/
description: "The business intelligence softwared giant now owns almost 280,000 BTC."
published: 2024-11-11
updated: 2024-11-11
author: "Mila"
site: "Diffcoin"
---

# MicroStrategy Buys 27,200 BTC for Over $2 Billion as Bitcoin Paper Profit Crosses $10 Billion

MicroStrategy is back on the bitcoin purchasing market by allocating another $2 billion to accumulate more than 27,000 BTC.

It’s worth noting that the Michael Saylor-founded company now sits at a paper profit of around $11 billion given BTC’s recent price explosion.

> MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per [#bitcoin](https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw) and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, we hodl 279,420 [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) acquired for ~$11.9 billion at ~$42,692 per bitcoin. [$MSTR](https://twitter.com/search?q=%24MSTR&src=ctag&ref_src=twsrc%5Etfw)
> 
> — Michael Saylor⚡️ (@saylor) [November 11, 2024](https://twitter.com/saylor/status/1855959543508828428?ref_src=twsrc%5Etfw)

The former CEO announced the latest acquisition on X, indicating that the firm’s total stash has now surged to 279,420 purchased to an averaged price of $42,692 per bitcoin. This means that MicroStrategy has spent in total approximately $11.9 billion.

Keeping in mind BTC’s current price tag of roughly $82,000, this means that the Wall Street-listed company’s holdings are worth over $22.9 billion. As such, it sits on a paper profit of roughly $11 billion.

MicroStrategy began its BTC accumulation strategy in mid-2020 and has made countless acquisitions since then with no plans to sell anytime soon. Most recently, the firm announced plans to spend another $42 billion over the next three years to add even more BTC to its balance sheet.

The cryptocurrency’s price has been on a roll lately, especially after Donald Trump’s landslide victory in the 24 US presidential elections. It stood below $70,000 back then but shot up by over 18% in the next week or so and broke above $82,000 earlier today to chart a new all-time high.

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