Bitcoin

MicroStrategy tokenized stock FTX

The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/microstrategy-acquires-1-5-billion-in-bitcoin-amid-market-rally/" rel="noopener noreferrer nofollow">MicroStrategy Acquires $1.5 Billion in Bitcoin Amid Market Rally</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.Software company MicroStrategy announced another Bitcoin purchase, making it the third consecutive week that it has purchased the flagship crypto. Thanks to this development, the company now holds 402,100 BTC, which accounts for over 1.2% of BTC’s total supply.<h2 id="header-0">MicroStrategy Acquires 15,400 BTC</h2>The company announced in a <a href="https://www.microstrategy.com/press/microstrategy-acquires-15400-btc-achieves-btc-yield-38-qtd-and-63-ytd-now-holds-402100-btc_12-02-2024" rel="noopener noreferrer nofollow">press release</a> that it had acquired 15,400 BTC for $1.5 billion at an average price of $95,976 per bitcoin and has achieved a BTC yield of 38 .7% quarter-to-date (QTD) and 63.3% year-to-date (YTD).Read also: <a href="https://cryptosnewss.com/michael-saylor-proposes-5-trillion-bitcoin-strategy-for-microsoft/" rel="noopener noreferrer nofollow">Michael Saylor Proposes $5 Trillion Bitcoin Strategy for Microsoft</a>Following this recent purchase, MicroStrategy now holds 402,100 BTC, which it acquired for $23.4 billion at an an average price of $58,263. The company’s co-founder,, Michael Saylor,, also confirmed this development in an X post.Meanwhile, this development comes as Marathon Digital, the public company with the second-largest Bitcoin holding, also announced that they plan to raise $700 million, with some of the proceeds allocated for more Bitcoin purchases.The post <a href="https://cryptosnewss.com/microstrategy-acquires-1-5-billion-in-bitcoin-amid-market-rally/" rel="noopener noreferrer nofollow">MicroStrategy Acquires $1.5 Billion in Bitcoin Amid Market Rally</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.

MicroStrategy Acquires $1.5 Billion in Bitcoin Amid Market Rally

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