Oh my, oh me! It seems like Michael Saylor’s MicroStrategy has gone utterly, completely, and totally bonkers for Bitcoin! 🤯 In a move that’s left everyone’s jaws dangling like a fish on a hook, the software company has announced its third Bitcoin purchase for the year, and its eleventh consecutive in as many weeks. Talk about a Bitcoin binge! 🍺
MicroStrategy’s Bitcoin Buying Spree Continues
In a press release that’s got everyone abuzz, MicroStrategy revealed that it had acquired a whopping 11,000 BTC for a staggering $1.1 billion at an average price of $101,191 per bitcoin. That’s a pretty penny, if I do say so myself! 💸 The company’s now boasting a BTC yield of 1.69% year-to-date (YTD), which is just peachy. 🍑
But wait, there’s more! This latest purchase brings MicroStrategy’s total BTC holdings to a mind-boggling 461,000, which it acquired for a cool $29.3 billion at an average price of $63,610 per bitcoin. That’s a whole lotta Bitcoin, if you ask me! 🤯
This marks MicroStrategy’s third Bitcoin purchase for the year, and its eleventh in as many weeks, in a period spanning way back to the start of November 2024. Last week, the company acquired 2,530 BTC worth $243 million. It seems like they just can’t get enough of that sweet, sweet Bitcoin! 😂
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2025-01-21 16:21