MicroStrategy Expands Bitcoin Holdings with $1.1 Billion Purchase

MicroStrategy has significantly increased its Bitcoin portfolio by acquiring an additional 18,300 BTC for approximately $1.1 billion, pushing its total holdings to 244,800 BTC, valued at around $14 billion. The latest purchase was made at an average price of $60,408 per Bitcoin, bringing the firm's total cost basis to $9.45 billion, or $38,585 per BTC.

Funded by the sale of 8 million shares, this acquisition underscores MicroStrategy’s ongoing commitment to Bitcoin as a central element of its corporate strategy. Despite market fluctuations, the company's investment has been profitable, with a current yield of 4.4% in Q3 and 17% year-to-date. Led by Michael Saylor, MicroStrategy continues to use its stock offerings to finance further Bitcoin purchases, solidifying its position as the largest corporate holder of the cryptocurrency.