MicroStrategy made headlines once again with their recent purchase of 18,300 bitcoins, totaling a staggering $1.11 billion at an average price of $60,408 per BTC. This acquisition brings their total bitcoin holdings to a whopping 244,800 bitcoins, valued at a grand total of $14.6 billion, with an average cost of $38,585 per bitcoin.
Michael Saylor, the visionary founder and chairman of MicroStrategy, proudly announced that the company’s BTC Yield, a key metric measuring the return on their bitcoin investments, stands at an impressive 17% from the beginning of the year to the present. In a significant milestone reached in March, MicroStrategy’s bitcoin holdings surpassed 1% of the total bitcoins in circulation.
Source: CNBC
In a tweet, Michael Saylor (@saylor) revealed that as of September 12, 2024, MicroStrategy’s bitcoin investment portfolio boasts 244,800 BTC acquired for approximately $9.45 billion, averaging at around $38,585 per bitcoin. Their BTC Yield for the quarter is reported at 4.4% and an impressive 17.0% year-to-date.
TLDR: MicroStrategy significantly increased their bitcoin holdings with a new purchase of 18,300 BTC for $1.11 billion, reaching a total of 244,800 BTC valued at $14.6 billion, with an average cost of $38,585 per BTC. Michael Saylor highlighted the company’s BTC Yield of 17% year-to-date and shared their continued success in the cryptocurrency market.
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