MicroStrategy, the world's largest corporate holder of Bitcoin, continues its Bitcoin buying spree. The company has acquired 2,138 BTC for $209 million, averaging $97,837 per coin, bringing its total holdings to 446,400 $BTC .
Key Highlights:
Quarterly Yield: 47.8%
Annual Yield: 74.1%
Cumulative Bitcoin Investment: $27.9 billion at an average price of $62,428 per BTC.
Despite the aggressive accumulation, MicroStrategy's stock (MSTR) fell by nearly 7% this week, closing at $305.69. However, the stock has skyrocketed 346% this year due to Bitcoin's surge.
Executive Optimism:
Michael Saylor, MicroStrategy’s Executive Chairman, remains bullish on Bitcoin, forecasting new all-time highs and predicting $BTC to solidify above the $90,000 mark. Analysts project Bitcoin could reach $250,000 by 2025.
MicroStrategy’s commitment to Bitcoin solidifies its status as a leader in crypto adoption, paving the way for future institutional investments.