MicroStrategy has added to its Bitcoin holdings with another 2,138 BTC purchase
\nThis is the eighth consecutive week that the US-listed company has purchased Bitcoin
\nMicroStrategy\u2019s announcement comes a day after Michael Saylor posted the company\u2019s BTC tracker.<\/p>\n
MicroStrategy, the world\u2019s largest publicly-traded holder of Bitcoin (BTC), has announced purchase of the flagship digital asset.<\/p>\n
The company, whose BTC buying spree has seen it become known as a Bitcoin development company, revealed the latest purchase on Dec. 30.<\/p>\n
In the announcement, the company disclosed its eighth consecutive week of BTC acquisition involved the scooping of 2,138 bitcoins for $209 million. The company used funds from its at-the-market share sales, which currently stands at over $6.88 billion.<\/p>\n
MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12\/29\/2024, we hodl 446,400 $BTC<\/a> acquired for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR<\/a> https:\/\/t.co\/58aXM7g6u2<\/a><\/p>\n \u2014 Michael Saylor\u26a1\ufe0f (@saylor) December 30, 2024<\/a><\/p>\n\n Michael Saylor, the founder and executive chairman of MicroStrategy, had posted<\/a> the company\u2019s BTC tracker on Dec. 29, leading to speculation about today\u2019s announcement.<\/p>\n For its most recent BTC acquisition, MicroStrategy spent approximately $97,837 per BTC. With this purchase, MicroStrategy has extended its lead as the world\u2019s largest holder of Bitcoin among publicly traded companies. It now hodls 446,400 BTC, acquired for a total of $27.9 billion and at the average purchase price of $62,428 per bitcoin.<\/p>\n In total, the company has seen a BTC Yield of 47.8% quarter-to-date and 74.1% year-to-date.<\/p>\n Despite the buying, Bitcoin price remained negative on the daily and weekly time frames, trading around $93,114 at the time of writing. Per CoinMarketCap, BTC was down 1.8% in the past 24 hours and 2.6% in the past week.<\/p>\n Meanwhile, the MicroStrategy stock, which rose sharply amid the company\u2019s joining of the Nasdaq 100, was down 13.3% in pre-market trading. MSTR closed at $330 on Dec. 27 but hovered around $319 at 8:30 ET on Dec. 30.<\/p>\n The post MicroStrategy buys 2,138 BTC to bring stash to 446,400<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" MicroStrategy has added to its Bitcoin holdings with another 2,138 BTC purchase This is the eighth consecutive week that the US-listed company has purchased Bitcoin MicroStrategy\u2019s announcement comes a day after Michael Saylor posted the company\u2019s BTC tracker. MicroStrategy, the world\u2019s largest publicly-traded holder of Bitcoin (BTC), has announced purchase of the flagship digital asset. […]<\/p>\n","protected":false},"author":0,"featured_media":2151,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-2150","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=2150"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/2151"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=2150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=2150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=2150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}