MicroStrategy has increased its Bitcoin holdings by acquiring an additional 27,200 BTC, according to an announcement by co-founder Michael Saylor on X.
This acquisition, valued at $2 billion, brings MicroStrategy’s total Bitcoin holdings to 279,420 BTC, amassed at an estimated total cost of $11.9 billion.
The move comes as Bitcoin’s price approaches record highs, positioning the company with an unrealized profit exceeding $10 billion on its BTC holdings.
MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, we hodl 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR https://t.co/uCt8nNUVqd
Michael Saylor further revealed that MicroStrategy has achieved a Bitcoin yield of 7.3% quarter-to-date (QTD) and 26.4% year-to-date (YTD), underlining the firm's effective Bitcoin investment strategy. This significant acquisition solidifies MicroStrategy's status as one of the largest institutional Bitcoin holders, ranking fifth globally behind Satoshi Nakamoto, Binance, BlackRock, and Grayscale.
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