tl;dr
MicroStrategy, led by co-founder Michael Saylor, has acquired 5,262 BTC for approximately $561 million, with a BTC yield of 47.4% QTD and 73.7% YTD. The company now holds 444,262 BTC acquired for around $27.7 billion at an average price of $62,257 per bitcoin. This marks a continuation of their Mond...
MicroStrategy Purchases 5,262 BTC for ~$561 Million
MicroStrategy, led by co-founder Michael Saylor, has acquired 5,262 BTC for approximately $561 million, with a BTC yield of 47.4% QTD and 73.7% YTD. The company now holds 444,262 BTC acquired for around $27.7 billion at an average price of $62,257 per bitcoin. This marks a continuation of their Monday bitcoin acquisition streak, with their stock prices rising over 400% in the past year to reach $364. Additionally, MicroStrategy's shares will enter the Nasdaq 100.
Strong Growth in BTC Holding and Stock Prices
The previous MicroStrategy purchases, all of which were announced on Mondays, were significantly more valuable in terms of the greenback. In fact, they were all worth over $1 billion. With the latest announcement of 5,262 BTC purchased at an average price of $106,662, the company’s stash grew to 444,262. MicroStrategy has spent $27.7 billion to acquire its bitcoin fortune, whose value now has skyrocketed to $42.6 billion as of today’s prices, despite BTC’s correction. MicroStrategy’s stock prices have shot up by over 400% in the past year and are worth $364 as of press time. MSTR achieved another milestone as the shares will enter the Nasdaq 100.
Tags: Bitcoin (BTC) Price, MicroStrategy