MicroStrategy has introduced one other Bitcoin buy, making it the corporate’s ninth BTC acquisition in as many weeks. The software program firm now holds 447,470 BTC, which it acquired for $27.97 billion.
MicroStrategy Acquires 1,070 BTC For $101 Million
In a press release, MicroStrategy introduced that it had acquired 1,070 BTC for $101 million at a mean worth of $94,004 per bitcoin. The corporate additionally revealed that it achieved a BTC yield of 48.0% within the fourth quarter of 2024 and 74.3% within the 2024 monetary 12 months.
Following its current Bitcoin buy, MicroStrategy now holds 447,470 BTC, which it acquired for $27.97 billion at a mean worth of $62,503 per Bitcoin. This marks the corporate’s ninth buy in as many weeks. Final week, the corporate introduced a Bitcoin purchase of two,138 BTC for $209 million.
The software program firm already holds the crown as the general public firm with the most important Bitcoin holdings and doesn’t look to be slowing down anytime quickly. It not too long ago introduced plans to raise up to $2 billion to purchase extra Bitcoin.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has coated matters that reduce throughout DeFi, NFTs, good contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying probably the most technical ideas and making it straightforward for crypto newbies to grasp. Away from writing, He’s an avid basketball lover and a part-time degen.
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