MicroStrategy, which used to be a business software company but now focuses on bitcoin, has purchased 18,300 more bitcoins. This new addition brings the total to 244,800 bitcoins, worth around $14 billion.

The latest purchase was made at an average price of $60,408 per bitcoin, as shared by Executive Chairman Michael Saylor on Friday. The company’s total investment in bitcoin is now $9.45 billion, with an average buying price of $38,585 per bitcoin.

Saylor also mentioned that the company has achieved a 4.4% yield on its bitcoin holdings so far this quarter and 17% for the year. This yield measures the percentage change in their bitcoin holdings compared to their outstanding shares.

MicroStrategy started buying bitcoin in 2020 and has been adding to its holdings ever since. It is now the largest publicly-listed company holding bitcoin, according to BitcoinTreasuries data.

MicroStrategy’s stock (MSTR) has remained steady in premarket trading and has gone up 91% so far this year.

Source: https://finance.yahoo.com/news/michael-saylors-microstrategy-purchased-18-123618374.html

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