MicroStrategy has announced another Bitcoin purchase, which they made for $1.5 billion. This comes just days after the software company’s inclusion into the Nasdaq-100, while the purchase marks their sixth in as many weeks.
MicroStrategy Acquires 15,350 BTC For $1.5B
MicroStrategy revealed in a press release that it has acquired 15,350 BTC for $1.5 billion at an average price of $100,386 per bitcoin and has achieved a BTC yield of 46.4% quarter-to-date (QTD) and 72.4% year-to-date (YTD).
The software company now holds 439,000 BTC, which it acquired for $27.1 billion at an average price of $61.725 per bitcoin. The company holds over 2% of Bitcoin’s total supply and is the public company with the largest bitcoin holdings.
MicroStrategy has shown no signs of slowing down despite already owning over 2% of the total Bitcoin supply. This recent purchase is their sixth in a six-week period, which began in November. Last week, the software company bought 21,550 BTC for $2.1 billion.
The “Bitcoin Standard” has undoubtedly favored MicroStrategy and its co-founder, Michael Saylor. Saylor pushed the company to adopt the Bitcoin Strategy in August 2020. Recently, Saylor highlighted the MSTR stock’s impressive performance this year, partly due to its BTC exposure.
MarketWatch data shows that the stock is up over 540% YTD. Meanwhile, MicroStrategy is set to join the Nasdaq-100, an achievement that can also be partly attributed to the company’s Bitcoin exposure, which has brought immense success.
The post Breaking: MicroStrategy Acquires 15,350 BTC For $1.5 Billion appeared first on CoinGape.
