MicroStrategy has announced another Bitcoin purchase, bringing its total BTC holdings to 446,400. This is the company’s eighth Bitcoin acquisition in as many weeks.
MicroStrategy Acquires 2,138 BTC For $209 Million
In a press release, MicroStrategy announced that it had acquired 2,138 BTC for $209 million at an average price of $97,837 per bitcoin. The company has also achieved a BTC yield of 47.8% quarter-to-date (QTD) and 74.1% year-to-date (YTD).
The software company now holds 446,400 BTC, which it acquired for $27.9 billion at an average price of $62,428 per bitcoin. This is the company’s eighth purchase in as many weeks.
Last week, MicroStrategy acquired 5,262 BTC for $516 million. This Bitcoin purchase streak extends way back to the start of November when it began by acquiring billions of BTC.
The software company remains the public company with the largest Bitcoin holdings and isn’t showing any signs of relinquishing that crown anytime soon. Instead, it is reportedly set to hold a shareholders meeting in order to vote on buying more BTC.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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