MicroStrategy Purchases $1.5 Billion Worth of Bitcoin
MicroStrategy, led by Michael Saylor, recently made a significant investment in Bitcoin, purchasing 15,350 coins for $1.5 billion. This latest acquisition comes after the company’s inclusion in the Nasdaq 100 index on Dec. 13.
Continuous Bitcoin Purchases
- MicroStrategy has been consistently acquiring Bitcoin for the past six weeks.
- Over the previous five weeks, the company bought 171,430 BTC at a total cost of $15.61 billion.
MicroStrategy’s Bitcoin Holdings
- With this latest purchase, MicroStrategy now owns 439,000 Bitcoin, representing over 2% of the total supply.
- The company’s cumulative investment in Bitcoin is $27.1 billion, with an average purchase price of $61,725 per Bitcoin.
Impressive Returns
Michael Saylor, the firm’s executive chairman, highlighted the strong performance of Bitcoin in recent months, resulting in impressive returns for the company. The BTC Yields stood at 46.4% for the quarter and 72.4% for the year.
Following the news of the latest Bitcoin acquisition and the company’s inclusion in the Nasdaq 100 index, MicroStrategy’s stock rose by 4% in pre-market trading, reaching $425.
