MicroStrategy Buys 18,300 $BTC, Boosts Holdings to 244,800

MicroStrategy has acquired an additional 18,300 $BTC for $1.1 billion, bringing its total holdings to 244,800 $BTC, valued at $14 billion.
Key points:
- 18,300 $BTC acquired: The company purchased more Bitcoin at an average price of $60,408 per $BTC.
- Total holdings: MicroStrategy now holds 244,800 $BTC, worth approximately $14 billion.
- Purchase cost: The firm has spent around $9.45 billion on its $BTC holdings, at an average of $38,585 per Bitcoin.
- Funded by stock sales: Proceeds from the sale of 8M shares helped finance the latest acquisition.
- Bitcoin yield: The company has seen a $BTC yield of 4.4% in Q3 and 17% year-to-date.
MicroStrategyās $BTC Strategy Pays Off:
MicroStrategy has once again increased its massive Bitcoin portfolio, buying 18,300 BTC for about $1.1 billion.
As a result, this latest purchase brings the business intelligence firmās total holdings to a staggering 244,800 $BTC, now valued at approximately $14 billion.
The firm, led by Bitcoin enthusiast Michael Saylor, bought the new $BTC at an average price of $60,408 per coin.
Since starting its Bitcoin-buying spree in 2020, MicroStrategy has cemented itself as the largest corporate holder of the cryptocurrency.
In fact, its total cost basis for all the Bitcoin it holds is around $9.45 billion, or $38,585 per coin. Given todayās market value of around $58,000 per Bitcoin, MicroStrategy’s investment is proving to be quite profitable.
Moreover, this purchase was funded by the sale of over 8M shares, raising $1.1 billion. MicroStrategy has been using stock offerings as a way to fund its Bitcoin strategy.
Read more: MicroStrategy Now Holds 226,500 Bitcoin: Introduces New BTC Yield Metric
Additionally, Saylor revealed that the company has achieved a 4.4% $BTC yield so far in Q3 and 17% year-to-date, which further demonstrates how well the strategy has performed.
Despite the volatility in the crypto market, MicroStrategy remains committed to its long-term Bitcoin plan.
As a result, it continues to leverage both its stock sales and $BTC yield to keep buying more of the digital assetāā.