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MicroStrategy has expanded its Bitcoin portfolio by acquiring an additional 18,300 BTC at an approximate cost of $1.11 billion, as announced by the company’s executive chairman Michael Saylor. The latest purchase values each Bitcoin at around $60,408. This strategic move has bolstered the company’s total Bitcoin holdings to 244,800 BTC, purchased for approximately $9.45 billion at an average price of about $38,585 per Bitcoin.
The company has reported a Bitcoin yield of 17.0% year-to-date (YTD), with a 4.4% yield for the quarter to date (QTD). These figures underscore MicroStrategy’s aggressive investment strategy in the cryptocurrency space, aiming to leverage the potential long-term value of Bitcoin despite the market’s inherent volatility.
This latest acquisition reflects Saylor’s continued bullish stance on Bitcoin, positioning MicroStrategy as one of the largest corporate holders of the cryptocurrency. The firm’s substantial investment in Bitcoin is part of its broader strategy to integrate blockchain technology into its analytics and business intelligence operations.
