MicroStrategy Buys 18,300 Bitcoins, Boosting Holdings to 244,800 BTC

TL;DR
- MicroStrategy has acquired an additional 18,300 $BTC for $1.1 billion, bringing its total holdings to 244,800 $BTC, valued at approximately $14 billion.
- The company has achieved a bitcoin yield of 4.4% for the current quarter and 17% year-to-date, solidifying its position as the largest publicly-listed holder of $BTC.

MicroStrategy, originally a business software company, has pivoted to focus on $BTC investments. Recently, it purchased 18,300 $BTC for $1.1 billion, reflecting its strong commitment to the cryptocurrency market. With this acquisition, the company's total $BTC holdings now stand at 244,800, with an overall cost basis of about $9.45 billion.

Executive Chairman Michael Saylor revealed that the bitcoins were acquired at an average price of $60,408 each. Currently, the market price for $BTC is just below $58,000, leading to an estimated total value of MicroStrategy's $BTC holdings at around $14 billion. The company's strategy has paid off, as shares of MSTR have surged by 91% year-to-date.

Since starting its $BTC investment journey in 2020, MicroStrategy has consistently increased its holdings. The firm has reported a bitcoin yield of 4.4% for the current quarter and 17% year-to-date. This performance highlights the financial benefits of their investments in the cryptocurrency space.

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