MicroStrategy has announced another Bitcoin purchase just a week after buying 27,200 BTC. The most recent purchase brings the company’s holdings to 331,200 and further cements its position as one of the largest Bitcoin holders.
MicroStrategy Acquires 51,780 Bitcoin
In a press release, the company announced that it had purchased 51,780 BTC for $4.6 billion at an average price of $88,627 per BTC. They have also achieved a BTC yield of 20.4% quarter-to0date and 41.8% year-to-date. The company now holds 3331,200 BTC, which it acquired for $16.5 billion at an average price of $49,875 per bitcoin.
MicroStrategy is currently the fifth-largest Bitcoin holder behind Satoshi Nakamoto, Binance, BlackRock, and Grayscale. The company holds around 1.2% of the total Bitcoin supply.
Meanwhile, their most recent purchase comes just a week after they bought 27,200 BTC for $2 billion. The software company also revealed its intention to raise $42 billion and buy more BTC over the next three years.
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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