MicroStrategy has introduced one other Bitcoin buy, its seventh in as many weeks. This current buy brings the corporate’s complete holdings to 444,262 BTC, and it comes amid its Nasdaq-100 itemizing at this time.
MicroStrategy Acquires 5,262 BTC
In a press release, MicroStrategy introduced that it acquired 5,262 BTC for $516 million at a median worth of $106,662 per bitcoin and has achieved a BTC yield of 47.4% quarter-to-date (QTD) and 73.7% year-to-date (YTD).
The corporate now holds 444,262 BTC, which it acquired for $27.7 billion and at a median worth of $62,257 per bitcoin. This buy marks the corporate’s seventh in as many weeks.
Final week, MicroStrategy introduced that it acquired 15,350 BTC for $1.5 billion. The software program firm continues to extend its Bitcoin holdings regardless of the flagship crypto’s tepid worth motion.
In the meantime, this current buy comes amid the corporate’s Nasdaq-100 itemizing, which is ready to happen at this time. This achievement has been partly because of the corporate’s Bitcoin publicity, which has labored out enormously up to now.
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 grasp. Away from writing, He’s an avid basketball lover and a part-time degen.
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