Michael Saylor’s MicroStrategy, now known as Strategy, has made another Bitcoin purchase. This time, the company purchased 22,048 BTC for $1.92 billion, bringing its total holdings to 528,185.
MicroStrategy Acquires 22,048 BTC For $1.92 Billion
In a press release, MicroStrategy revealed that it has acquired 22,048 BTC for $1.92 billion at an average price of $86,969 per Bitcoin and has achieved a BTC yield of 11.0% year-to-date (YTD).
Following this purchase, Strategy now holds 528,185 BTC, which it acquired for $35.63 billion at an average price of $67,458 per Bitcoin. Meanwhile, the company remains the public company with the largest Bitcoin holdings.
This comes just a week after the company acquired 6,911 BTC for $584 million. Saylor and MicroStrategy will likely make more purchases in the coming weeks as they have raised billions of dollars for their Bitcoin acquisition plans.
Earlier in March, Saylor’s company announced plans to raise $21 billion through sales of its perpetual strike preferred stock to buy more Bitcoin. A week later, the company again announced plans to raise $722 million to accelerate its Bitcoin bet.
The post Breaking: Michael Saylor’s MicroStrategy Acquires 22,048 Bitcoin For $1.92 Billion appeared first on CoinGape.
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