MicroStrategy has again increased its Bitcoin holdings. The software company announced it purchased 55,500 BTC for $5.4 billion, bringing its total to 386,700 BTC.

MicroStrategy Acquires 55,500 BTC

In a press release, MicroStrategy announced that it acquired another 55,500 BTC between November 18 and 24 for an average price of $97,862 per bitcoin and has now achieved a BTC yield of 35.2% quarter-to-date (QTD) and 59.3% year-to-date (YTD).

The company now holds 386,700 BTC, which it acquired for $21.9 billion at an average price of $56,761 per bitcoin. MicroStrategy remains the public company with the largest Bitcoin holding.

Interstingly, MARA Holdings, the public company with the second-largest bitcoin holdings, announced last week that it had purchased 5,771 BTC at an average price of $95,554 per bitcoin. However, the Bitcoin miner is still far behind MicroStrategy as it holds approximately 33,875 BTC compared to the software company’s 386,700 BTC.

Meanwhile, the software company is the fourth-largest Bitcoin holder, behind Satoshi Nakamoto, Binance, and BlackRock.

The post Breaking: MicroStrategy Buys Another 55,500 BTC For $5.4 Billion appeared first on CoinGape.

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Filed under: News - @ November 25, 2024 1:22 pm