Michael Saylor’s MicroStrategy, now often known as Technique, has made one other Bitcoin buy. This time, the corporate bought 22,048 BTC for $1.92 billion, bringing its whole holdings to 528,185.
MicroStrategy Acquires 22,048 BTC For $1.92 Billion
In a press release, MicroStrategy revealed that it has acquired 22,048 BTC for $1.92 billion at a median value of $86,969 per Bitcoin and has achieved a BTC yield of 11.0% year-to-date (YTD).
Following this buy, Technique now holds 528,185 BTC, which it acquired for $35.63 billion at a median value of $67,458 per Bitcoin. In the meantime, the corporate stays the general public firm with the biggest Bitcoin holdings.
This comes only a week after the corporate acquired 6,911 BTC for $584 million. Saylor and MicroStrategy will probably make extra purchases within the coming weeks as they’ve raised billions of {dollars} for his or her Bitcoin acquisition plans.
Earlier in March, Saylor’s firm introduced plans to boost $21 billion via gross sales of its perpetual strike most well-liked inventory to purchase extra Bitcoin. Per week later, the corporate once more introduced plans to raise $722 million to speed up its Bitcoin guess.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has lined matters that reduce throughout a number of matters and niches. Boluwatife has a knack for simplifying essentially the most technical ideas and making it straightforward for crypto newbies to know. Away from writing, He’s an avid basketball lover, a traveler and a part-time degen.
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