Breaking: MicroStrategy Buys Another 21,550 BTC For $2.1 Billion

MicroStrategy has bought more Bitcoin for the fifth consecutive week, in a period that spans back to the beginning of November. The software company announced that it purchased more BTC for $2.1 billion.

MicroStrategy Acquires 21,550 BTC

In a press release, MicroStrategy announced that it acquired 21,550 for $2.1 billion at an average price of $98,783 per BTC and has achieved a BTC yield of 43.2% quarter-to-date (QTD) and 68.7% year-to-date (YTD).

This brings the company’s total Bitcoin holdings to 423,650 BTC, which they acquired for $25.6 billion at an average price of $60,324 per bitcoin. The software company made this recent purchase between December 2 and 8, marking the fifth consecutive week in which they bought the flagship crypto.

Meanwhile, this development comes amid the company’s co-founder Michael Saylor calling on the US to sell its gold to buy Bitcoin. Other companies are also looking to emulate MicroStrategy’s Bitcoin strategy with manufacturer Worksport one of the most recent to announce that they buy Bitcoin for their corporate treasury.

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