MicroStrategy Buys 18,300 BTC for 1 Billion Dollars

MicroStrategy, the cloud software company, has announced a significant Bitcoin acquisition, purchasing approximately 18,300 BTC between August 6 and September 12, 2024.

According to the company’s Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), the purchase totaled $1.11 billion at an average price of $60,408 per bitcoin, including expenses and fees.

MicroStrategy Buys 18,300 BTC - X Post — MicroStrategy Buys 18,300 BTC, Source: Twitter

Led by CEO Michael Saylor, MicroStrategy has steadily increased its Bitcoin holdings over the past four years, beginning with its first purchase in August 2020. In July, MicroStrategy added 169 BTC worth $11.4 million to their Bitcoin holdings.

As of September 12, 2024, the company holds 244,800 BTC, acquired for around $9.45 billion at an average price of $38,585 per Bitcoin. Additionally, MicroStrategy reported a Bitcoin yield of 4.4% for the current quarter and 17.0% year-to-date.

Also Read: MicroStrategy ETF Hits $127M in Assets, $100M Daily Trading Volume

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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