The post Strategy Buys 10,645 More Bitcoin appeared first on Coinpedia Fintech News
Strategy purchased 10,645 Bitcoin for $980.3 million at an average price of $92,098, pushing its year-to-date BTC yield to 24.9%, a measure of Bitcoin appreciation on capital deployed. As of December 14, the company holds 671,268 BTC, acquired for a total of $50.33 billion at an average price of $74,972 per coin, funded through at-the-market equity sales and preferred stock like STRD. CEO Michael Saylor’s strategy has made MicroStrategy the largest corporate holder of Bitcoin, benefiting from rallies above $90,000.