Dollars

Bitcoin

Billion

Daily

MicroStrategy, the cloud software company, has announced a significant Bitcoin acquisition, purchasing approximately 18,300 BTC between August 6 and September 12, 2024. 
According to the company’s <a href="https://www.microstrategy.com/press/microstrategy-acquires-18300-btc-achieves-btc-yield-of-4-qtd-17-ytd-now-holds-244800-btc" target="_blank" rel="noreferrer noopener nofollow">Form 8-K</a> filed with the U.S. Securities and Exchange Commission (SEC), the purchase totaled $1.11 billion at an average price of $60,408 per bitcoin, including expenses and fees. 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdufB_4em-heYbseF2U4h7AdNgnbmOcWRZWYnH4bEhN7h6X5_YYXwQmiRF-eNGyakmew8kQjgIBcj7EmNphSPIW4gXuVbnaKdncF9XoLqniiZA0GfXp3iKXQvpx71CKNLprB8Swd_0x36JLunUmjL1y0pA?key=LoAkZUYj5yjfvXD9wH5GIA" alt="AD 4nXdufB 4em heYbseF2U4h7AdNgnbmOcWRZWYnH4bEhN7h6X5 YYXwQmiRF">
 <figcaption class="wp-element-caption">
 MicroStrategy Buys 18,300 BTC, Source: <a href="https://x.com/saylor/status/1834564555944481227" target="_blank" data-type="link" data-id="https://x.com/saylor/status/1834564555944481227" rel="noreferrer noopener nofollow">Twitter</a>
 </figcaption>
 </figure>
</div> 
Led by CEO Michael Saylor, MicroStrategy has steadily increased its Bitcoin holdings over the past four years, beginning with its first purchase in August 2020. In July, MicroStrategy <a href="https://www.cryptotimes.io/2024/08/02/microstrategy-buys-another-169-btc-for-11-4-million-in-july/" target="_blank" rel="noreferrer noopener">added 169 BTC worth $11.4 million</a> to their Bitcoin holdings.&nbsp; 
As of September 12, 2024, the company holds 244,800 BTC, acquired for around $9.45 billion at an average price of $38,585 per Bitcoin. Additionally, MicroStrategy reported a Bitcoin yield of 4.4% for the current quarter and 17.0% year-to-date. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/08/27/microstrategy-etf-hits-127m-in-assets-100m-daily-trading/" target="_blank" rel="noreferrer noopener">MicroStrategy ETF Hits $127M in Assets, $100M Daily Trading Volume</a> 
</blockquote>

MicroStrategy Buys 18,300 BTC for 1 Billion Dollars

The Crypto Times

Other articles published on Sep 13, 2024

Bill Proposes Joint Digital Asset Committee to Unite SEC and CFTC

Upbit Adds Nervos Network’s CKB Token

Could Bitcoin Really Hit $150,000 This Year? What Experts Are Predicting

Tether Stablecoin USDT Officially Recognized Legal Property Under UK Law

Consumers Research Report Highlights Transparency Issues with Tether’s Dollar Reserves

XRP Holder In Korea Makes Payment With XRP. Here’s how

Join our free newsletter for daily crypto updates!