-Michael Saylor's MicroStrategy Purchased 18.3K More Bitcoins for $1.1B -

Formerly a business software firm but now calling itself a bitcoin development company, MicroStrategy (MSTR) has added 18,300 bitcoins (BTC) to its multibillion-dollar holdings.

The new purchases was made at an average price of $60,408 per token, Executive Chairman Michael Saylor said in an X post on Friday morning, boosting the company's holdings to 244,800 BTC. MicroStrategy's cost basis for those holdings is $9.45 billion, or an average price of $38,585 per bitcoin. At the current price just under $58,000 the stack is now worth about $14 billion.

Saylor further said the company has achieved a BTC yield of 4.4% so far this quarter on its holdings and 17% year-to-date. BTC yield is a metric developed by MicroStrategy to try and describe the percentage change over a given period of the ratio between the company’s bitcoin holdings and its assumed diluted shares outstanding.

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