Business intelligence and software company MicroStrategy has made a new Bitcoin (BTC) acquisition. According to the announcement, the Michael Saylor-led firm purchased an additional 18,300 BTC, raising its total Bitcoin holding to 244,800 units.
Michael Saylor Spotlights MicroStrategy BTC Yield
The newly acquired holding was valued at approximately $1.11 billion, with each BTC going for $60,408. This marks one of the largest purchases that the firm has made since it commenced its Bitcoin accumulation strategy in 2020. The entire MicroStrategy BTC holding, purchased at $9.45 billion, is currently worth over $14.1 billion at $57,840.79.
At the highest level, MicroStrategy’s CEO highlighted that the firm has achieved a BTC Yield of 4.4% QTD and 17.0% YTD.
MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per #bitcoin and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 $BTC acquired for ~$9.45 billion at ~$38,585 per bitcoin. $MSTR https://t.co/WBBRSKxA1U
— Michael Saylor⚡️ (@saylor) September 13, 2024
This latest purchase further shows that MicroStrategy is not relenting in its Bitcoin bet. It has had a series of BTC purchases, including the 122 BTC acquired in April and the 11,931 BTC from an $800 million private offering of convertible senior notes in June. As a result of these frequent and consistent purchases, its Bitcoin bag has surpassed that of all countries in the world.
Metaplanet Adopts MSTR’s Bitcoin Playbook
MicroStrategy now hypothetically owns a Bitcoin playbook that other traditional investors want to adopt. Japanese-based financial firm Metaplanet is one of those companies that draws inspiration from Saylor’s company.
Earlier this week, Metaplanet announced the 11th series of stock acquisition rights by its management. Then, it stated that it will use the funds to purchase Bitcoin. A few hours later, the “Asian MicroStrategy,” as it is referred to, informed its community members and the public that it had purchased an additional 38.46 BTC
The firm acquired the coin at an average price of 7.79 million yen per BTC. This purchase increased MicroStrategy’s total holdings to 398.8 BTC, which is currently worth $23.07 million. MicroStrategy’s profitable Bitcoin strategy might entice more investors to take a slice of the crypto market.
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