Strategy Acquires 487 BTC Worth $49.9 Million in Early November

Strategy Acquires 487 BTC Worth $49.9 Million in Early November

MicroStrategy’s Bitcoin holdings have surged in value, with unrealized gains exceeding $13 billion as prices reach $95,574 per BTC.

BTC

Fact Check
The statement is overwhelmingly supported by a consensus among multiple high-authority and highly relevant sources. Top-tier crypto and financial news outlets, including The Block, CoinDesk, and Yahoo Finance, independently corroborate the specific details: the acquisition of 487 BTC for approximately $49.9 million in early November. The entity is consistently identified as Michael Saylor's MicroStrategy, indicating 'Strategy' is a correct, if informal, reference. The credibility of the claim is significantly strengthened by a source that explicitly states the information originates from a 'regulatory filing,' which is a primary and official document. The single piece of contradictory evidence from a Reddit post is of very low authority and is outweighed by the volume of consistent reporting from professional journalism. Another irrelevant source mentioning a future date can be disregarded. The evidence is consistent, high-quality, and leaves little doubt about the statement's truthfulness.
Summary

MicroStrategy added 487 Bitcoin between November 3 and November 9 at an average price of $102,600 per BTC, costing approximately $49.9 million. By November 9, the company held 641,692 BTC worth about $47.54 billion, purchased at an average price of $74,079. On November 16, with Bitcoin trading at $95,574, its holdings showed an unrealized gain of $13.79 billion.

Terms & Concepts
  • BTC: Abbreviation for Bitcoin, a decentralized digital currency operating without a central authority.
  • Treasury Reserve Asset: An asset held by a corporation or institution as part of its reserve strategy to preserve value and hedge against inflation.