MicroStrategy has made another major move, acquiring 7,420 BTC for approximately $458.2 million at an average price of $61,750 per Bitcoin. This investment has resulted in a 5.1% BTC yield quarter-to-date and a 17.8% year-to-date. As of September 19, 2024, MicroStrategy holds 252,220 BTC, with a total cost of $9.9 billion and an average acquisition price of $39,266 per Bitcoin.
This continued bullish activity from institutional players like MicroStrategy highlights growing confidence in Bitcoinâs long-term potential. If you havenât positioned yourself in the market, it could be time to reassess your strategy, as the momentum indicates strong upward trends for BTC.
However, this is not financial adviceâalways do your own research before making investment decisions.
