The post MicroStrategy Acquires Additional 15,400 BTC for $1.5 Billion appeared first on Coinpedia Fintech News
At an average purchase price of $95,976 per Bitcoin, MicroStrategy has added 15,400 Bitcoin to its holdings as of December 2, 2024, for a total of almost $1.5 billion. The corporation now has 402,100 BTC, or around $23.4 billion, in total Bitcoin holdings thanks to this deal.
With a Bitcoin yield of 38.7% for the quarter-to-date (QTD) and 63.3% for the year-to-date (YTD), MicroStrategy’s approach has produced remarkable returns. The business maintains its position as one of the biggest corporate Bitcoin holders by continuing to amass Bitcoin as part of its long-term investment strategy.
This most recent acquisition demonstrates MicroStrategy’s faith in Bitcoin’s long-term potential and reinforces its dedication to its Bitcoin strategy in spite of market swings.