MicroStrategy has made another significant investment in Bitcoin, acquiring 15,400 BTC at an average price of approximately $95,976 per coin for a total expenditure of $1.5 billion, according to a statement by Executive Chairman Michael Saylor on X (formerly Twitter).
This latest purchase brings the company's total Bitcoin holdings to 402,100 BTC, acquired at an average price of $58,263 per coin, amounting to a cumulative value of $23.4 billion. The company has also reported impressive returns, achieving a quarterly total yield (QTD) of 38.7% and a year-to-date yield (YTD) of 63.3% on its Bitcoin investments as of December 2, 2024.
MicroStrategy continues to solidify its position as a leading corporate Bitcoin holder, demonstrating its unwavering belief in the long-term potential of the cryptocurrency. With this strategic move, the company maintains its status as a key player in the institutional adoption of Bitcoin.
