MicroStrategy has announced that it has acquired more Bitcoin for $2 billion and now holds 279,420 BTC. This comes amid the Bitcoin price reaching new highs, which puts its Bitcoin investment in unrealized profit of over $10 billion. Meanwhile, the MSTR stock surged 8% on the back of this announcement from the company.
MicroStrategy Acquires 27,200 BTC
MicroStrategy co-founder Michael Saylor announced in an X post that they had acquired 27,200 BTC for $2 billion at an average price of $74,463 per bitcoin. This brings their total holdings to 279,420 bitcoins, which they acquired for a total of $11.9 billion and at an average price of $42,692 per bitcoin.
Saylor also revealed that they have also achieved a BTC yield of 7.3% quarter-to-date (QTD) and 26.4% year-to-date (YTD). This comes at a time when the Bitcoin price is reaching all-time highs (ATHs), which has already put the company’s investment at an unrealized profit of over $10 billion.
Meanwhile, MicroStrategy continues to solidify its position as one of the largest Bitcoin holders. The company is currently the fifth largest Bitcoin holder behind Satoshi Nakamoto, Binance, BlackRock, and Grayscale. Meanwhile, the company is ranked first among publicly traded companies in terms of Bitcoin holdings and holds 1.2% of BTC’s total supply.
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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