2024

Bitcoin

Yield

Billion

Michael Saylor, the co-founder and current chairman of MicroStrategy, announced the latest massive BTC purchase his company made. 
With it, the business intelligence software giant’s total Bitcoin stash skyrocketed to 244,800 BTC, worth more than $14 billion at current prices. 
<blockquote class="twitter-tweet"> 
 MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">#bitcoin</a> and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">$BTC</a> acquired for ~$9.45 billion at ~$38,585 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">$MSTR</a> <a href="https://t.co/WBBRSKxA1U" data-wpel-link="external" target="_blank">https://t.co/WBBRSKxA1U</a> 
 — Michael Saylor<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1834564555944481227?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">September 13, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The world’s largest corporate holder of Bitcoin spent just over $1.1 billion for its 18,300 BTC purchase at an average price of $60,408 per one. 
According to data until September 12, the firm now holds 244,800 BTC, which it acquired for $9.45 billion. This means that the company now stands at an unrealized profit of nearly $5 billion. This is because its average acquisition price stands at $38,585 per bitcoin. 
Recall that MicroStrategy began its BTC accumulation strategy just over four years ago – back in August 2020. The firm hasn’t looked back since, with frequent new purchases. 
Saylor, who stepped down as the company’s CEO a few years ago, has previously <a href="https://cryptopotato.com/michael-saylor-says-he-will-buy-bitcoin-forever-heres-why/" data-wpel-link="internal">asserted</a> that he will “buy Bitcoin forever.” He has become among the most prominent BTC bulls, <a href="https://cryptopotato.com/michael-saylor-predicts-bitcoin-will-reach-13-million-per-coin/" data-wpel-link="internal">predicting</a> massive price tags for the asset of up to $13 million per one. 
The post <a href="https://cryptopotato.com/microstrategy-announces-massive-1-1-billion-bitcoin-btc-purchase/" rel="nofollow">MicroStrategy Announces Massive $1.1 Billion Bitcoin (BTC) Purchase</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

MicroStrategy Announces Massive $1.1 Billion Bitcoin (BTC) Purchase

CryptoPotato_News

Other articles published on Sep 13, 2024

Solana price tanks as new altcoin sensation looks set to conquer DOGS

Coinpedia Fintech News

Samsung Next Invests in Startale Labs, Partner in Sony’s Soneium Blockchain Development

Cryptocurrency Investors Prioritize Price Predictions

Ripple and Coinbase Challenge SEC Over Crypto Asset Securities

OpenAI says latest o1 model on ‘new level,’ can ‘think before it answers’

Join our free newsletter for daily crypto updates!