Breaking: MicroStrategy Acquires 5,262 BTC For $561M

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As a seasoned crypto investor with a knack for recognizing promising opportunities, I find myself increasingly impressed by MicroStrategy’s bold and strategic moves. Having closely observed the market over the past few years, I can confidently say that MicroStrategy’s decision to heavily invest in Bitcoin is not only forward-thinking but also a shrewd business move.

In simple terms, MicroStrategy just made another purchase of Bitcoin, marking their seventh buy in seven consecutive weeks. With this latest acquisition, they now own a total of 444,262 Bitcoins. This new purchase was announced on the day they were listed on Nasdaq-100.

MicroStrategy Acquires 5,262 BTC

In the latest news update, MicroStrategy disclosed that they have purchased approximately 5,262 Bitcoins at a total cost of $516 million, equating to around $106,662 per coin. This acquisition has resulted in a quarter-to-date (QTD) Bitcoin return of 47.4% and a year-to-date (YTD) yield of 73.7%.

Currently, the firm owns approximately 444 thousand Bitcoin, which they bought for a total of $27.7 billion, with each Bitcoin costing an average of around $62,257. These latest acquisitions make it their seventh purchase in just seven consecutive weeks.

Just last week, MicroStrategy disclosed their purchase of 15,350 Bitcoins at a value of $1.5 billion. Unfazed by the relatively slow movement in the price of this leading cryptocurrency, the software firm is persistently augmenting its Bitcoin reserves.

In the midst of this latest acquisition, the company is also preparing for its Nasdaq-100 listing later today, a significant milestone it’s about to reach. A portion of this success can be attributed to the company’s investment in Bitcoin, which has proven beneficial thus far.

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2024-12-23 16:20