Breaking: MicroStrategy Acquires 13,390 Bitcoin For $1.34 Billion
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Michael Saylor’s MicroStrategy, now known as Strategy, made another Bitcoin purchase between May 5 and May 11 for $1.34 billion. This marks one of the company’s largest BTC purchases this year and brings its total holdings to 568,840.
MicroStrategy Acquires 13,390 BTC For $1.34B
In a press release, MicroStrategy announced that it has acquired 13,390 BTC for $1.34 billion at an average price of $99,856 per Bitcoin. The company has also achieved a BTC yield of 15.5% year-to-date (YTD).
Following this purchase, Strategy now holds 568,840 BTC, which it acquired for $39.41 billion at an average price of $69,287 per Bitcoin. Michael Saylor’s company remains the public company with the largest Bitcoin holdings, well ahead of the second-placed MARA Holdings.
This purchase comes just a week after MicroStrategy acquired 1,895 BTC for $180 million. The company is likely to purchase more Bitcoin in the coming weeks after it increased its capital plan from $42 billion to $84 billion.
The post Breaking: MicroStrategy Acquires 13,390 Bitcoin For $1.34 Billion appeared first on CoinGape.
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