MicroStrategy, a leading business intelligence company, has announced the acquisition of 7,420 Bitcoins (BTC) for approximately $458.2 million at an average price of $61,750 per Bitcoin. This strategic move further solidifies MicroStrategy’s position as a significant player in the cryptocurrency market.
Key Highlights:
- Acquisition Details:Â MicroStrategy acquired 7,420 BTC at an average price of $61,750 per Bitcoin, bringing its total Bitcoin holdings to 252,220 BTC.
- Total Investment:Â The company has invested approximately $9.9 billion in Bitcoin to date, with an average price of $39,266 per Bitcoin.
- Yield Performance:Â MicroStrategy has achieved a BTC Yield of 5.1% for the quarter-to-date (QTD) and 17.8% for the year-to-date (YTD).
This latest acquisition demonstrates MicroStrategy’s commitment to its Bitcoin strategy, which aims to generate long-term value for its shareholders. By diversifying its portfolio with a significant allocation to Bitcoin, the company is positioning itself for potential long-term growth and returns.
MicroStrategy’s latest acquisition of 7,420 Bitcoins marks a significant milestone in its journey to build a robust cryptocurrency portfolio. With its total investment in Bitcoin now exceeding $9.9 billion, the company is poised to continue generating returns through its innovative approach to investing in digital assets.
