MicroStrategy's Bitcoin strategy continues to pay off. The company's Bitcoin investment increased by 38.7% in November. Its 402,100 bitcoin reserve is currently worth more than $38 billion.
In November, the business bought 149,880 BTC for an average of $90,231. This aggressive buying plan resulted in $9.4B in net income with Bitcoin reaching $96,000. MicroStrategy's "21/21 Plan" seeks to raise $42B over three years to grow its Bitcoin portfolio. The package includes $21B in equity and debts. CEO Michael Saylor feels that Bitcoin provides higher long-term returns than traditional investments.
The company's Bitcoin investment is consistent with growing excitement about the cryptocurrency. Bitcoin is approaching $100,000, aided by greater institutional use and a favorable regulatory environment.
MicroStrategy has emerged as a prominent player in Bitcoin investments. Its long-term goals may set a new norm for corporate Bitcoin holdings. As the cryptocurrency market advances, MicroStrategy's strategy continues to draw interest from investors and industry analysts alike.
