Michael Saylor announces MicroStrategy’s purchase of 18,300 bitcoins on X.

MicroStrategy Buys 18,300 More Bitcoins, Now Holds 244,800 BTC

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.

Michael Saylor (Executive Chairman and co-founder of MicroStrategy )(MSTR)

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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