MicroStrategy Expands Bitcoin Investment with Purchase of 2,138 BTC for $209 Million

by A1

3 days ago

Business intelligence firm MicroStrategy acquired 2,138 bitcoins for $209 million, bolstering its holdings in cryptocurrency.

MicroStrategy’s New Bitcoin Investments

Between Dec. 23 and Dec. 29, MicroStrategy purchased 2,138 BTC, spending $209 million and funding it through the sale of 592,987 shares. The average purchase price was around $97,837 per BTC.

Bitcoin Yield Year-to-Date

As of Dec. 30, MicroStrategy's Bitcoin yield reached 74.1% year-to-date. From October to December, this metric stood at 47.8%.

MicroStrategy's Plans for Additional Shares

On Dec. 23, MicroStrategy filed with the U.S. Securities and Exchange Commission its intent to increase the number of its shares, providing more flexibility in raising funds for future Bitcoin purchases.

MicroStrategy continues to actively invest in Bitcoin, increasing its cryptocurrency holdings, and considering additional fundraising options for future purchases.

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