MicroStrategy has introduced one other Bitcoin buy, bringing its complete BTC holdings to 446,400. That is the corporate’s eighth Bitcoin acquisition in as many weeks.
MicroStrategy Acquires 2,138 BTC For $209 Million
In a press release, MicroStrategy introduced that it had acquired 2,138 BTC for $209 million at a median worth of $97,837 per bitcoin. The corporate has additionally achieved a BTC yield of 47.8% quarter-to-date (QTD) and 74.1% year-to-date (YTD).
The software program firm now holds 446,400 BTC, which it acquired for $27.9 billion at a median worth of $62,428 per bitcoin. That is the corporate’s eighth buy in as many weeks.
Final week, MicroStrategy acquired 5,262 BTC for $516 million. This Bitcoin buy streak extends manner again to the beginning of November when it started by buying billions of BTC.
The software program firm stays the general public firm with the most important Bitcoin holdings and isn’t exhibiting any indicators of relinquishing that crown anytime quickly. As a substitute, it’s reportedly set to carry a shareholders assembly with the intention to vote on shopping for extra BTC.
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 simple for crypto newbies to grasp. Away from writing, He’s an avid basketball lover and a part-time degen.
Disclaimer: The introduced content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
✓ Share: