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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. 
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 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>
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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

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