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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.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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