Michael Saylor’s MicroStrategy has made its twelfth Bitcoin buy in as many weeks. The corporate introduced that it had acquired 10,107 BTC for $1.1 billion, bringing its whole holdings to 471,107 BTC.
Michael Saylor’s MicroStrategy Acquires 10,107 BTC
In a press release, MicroStrategy introduced that it had acquired 10,107 BTC for $1.1 billion at a median worth of $105,596 per bitcoin and has achieved a BTC yield of two.90% year-to-date (YTD).
The corporate holds 471,107 BTC, which it acquired for $30.4 billion at a median worth of $64,511 per bitcoin. This latest buy marks the corporate’s twelfth in as many weeks. Final week, the software program firm introduced that it had acquired 11,000 BTC for $1.1 billion.
The corporate is anticipated to accumulate extra Bitcoin in the long run, as its shareholders not too long ago voted to extend its share capital to help the Bitcoin technique. It will assist in solidifying MicroStrategy’s place as the general public firm with the most important BTC holding.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has lined subjects that lower throughout DeFi, NFTs, sensible contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying essentially the most technical ideas and making it simple for crypto newbies to know. Away from writing, He’s an avid basketball lover and a part-time degen.
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