MicroStrategy, the world-renowned corporate holder of Bitcoin, has made headlines again by purchasing an additional $458.2 million worth of BTC. This significant acquisition underscores the company’s commitment to bolstering its Bitcoin treasure trove.
The business intelligence and Bitcoin-centric firm acquired 7,420 BTC at an average price of approximately $61,750. This update was shared by Michael Saylor, MicroStrategy’s co-founder and executive chairman.
MicroStrategy’s Continued Bitcoin-Buying Spree
Saylor highlighted that MicroStrategy achieved a Bitcoin yield of 5.1% quarter-to-date and 17.8% year-to-date. In total, the firm now owns 252,220 BTC, which were acquired for $9.9 billion at an average cost of approximately $39,266 per Bitcoin. As of writing, BTC is trading at $62,945, elevating the value of MicroStrategy’s holdings to over $15.8 billion.
The Largest Corporate Holder of Bitcoin
Owning more than 1% of Bitcoin’s total supply, MicroStrategy is by far the largest corporate investor in the cryptocurrency. The second-largest corporate Bitcoin treasury belongs to Marathon Digital Holdings, which owns 26,200 BTC, valued at approximately $1.6 billion, as documented by BitcoinTreasuries.net.
MicroStrategy’s aggressive acquisition strategy appears to be paying off, as the company’s stock price (MSTR) has surged over 360% in the past year. To further engage investors, the business intelligence firm announced a 10-for-1 stock split of its class A and class B common stock in July, aiming to make its stock more accessible to a broader audience.
Additionally, BTC has witnessed a near 20% increase from its September 2024 lows of around $52,550, further amplifying the value of MicroStrategy’s investment.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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