Microstrategy Buys 2,138 BTC
by Bitcoin.com
On Monday, while bitcoin (BTC) prices hovered between $92,850 and $93,150 over the last hour, Microstrategy founder Michael Saylor took to X to share that his firm snagged 2,138 BTC for $209 million at $97,837 each. Since 2020, Microstrategy has steadily accumulated bitcoin, making it the largest publicly traded company (excluding ETFs) to hold BTC on its balance sheet. With this acquisition, the company now boasts 446,400 BTC, having invested a total of $27.9 billion. This averages out to $62,428 per coin, according to dollar-cost averaging. Saylor also highlighted that the firm’s BTC yield stands at 47.8% quarter-to-date and 74.1% year-to-date, underscoring its strategy’s effectiveness.
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