MicroStrategy, a major corporate Bitcoin holder, has added 15,350 BTC to its reserves, spending approximately $1.5 billion in cash, the company announced on Monday.
MicroStrategy acquired the fresh stash of BTC between Dec. 9 and 15, the company officially announced on Monday.
The latest purchase was made at an average price of roughly $100,386 per BTC using proceeds from the issuance and sale of shares under the convertible notes sales agreement.
The acquisition brings the total Bitcoin holdings of MicroStrategy and its subsidiaries to 439,000 BTC ($45.6 billion), bought at the aggregate purchase price of $27.1 billion, or an average purchase price of roughly $61,725 per BTC.
72% Bitcoin yield YTD
MicroStrategy founder Michael Saylor highlighted the company’s Bitcoin performance, noting a 46.4% yield quarter-to-date and a 72.4% yield year-to-date.
Source: Michael Saylor
The latest MicroStrategy Bitcoin acquisition comes shortly after Saylor said he’d continue to buy Bitcoin above $100,000 amid MicroStrategy announcing another 21,550 Bitcoin purchase on Dec. 9.
“I’m sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin,” Saylor said in an appearance on Yahoo Finance’s Market Domination.
This is a developing story, and further information will be added as it becomes available.
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