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Michael Saylor’s MicroStrategy has made its twelfth Bitcoin purchase in as many weeks. The company announced that it had acquired 10,107 BTC for $1.1 billion, bringing its total holdings to 471,107 BTC.Michael Saylor’s MicroStrategy Acquires 10,107 BTCIn a press release, MicroStrategy announced that it had acquired 10,107 BTC for $1.1 billion at an average price of $105,596 per bitcoin and has achieved a BTC yield of 2.90% year-to-date (YTD).
The company holds 471,107 BTC, which it acquired for $30.4 billion at an average price of $64,511 per bitcoin. This recent purchase marks the company’s twelfth in as many weeks. Last week, the software company announced that it had acquired 11,000 BTC for $1.1 billion.
The company is expected to acquire more Bitcoin in the long term, as its shareholders recently voted to increase its share capital to aid the Bitcoin strategy. This will aid in solidifying MicroStrategy’s position as the public company with the largest BTC holding.
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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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