2024

Bitcoin

Yield

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<p dir="ltr">American business intelligence and software firm MicroStrategy Inc. has purchased another Bitcoin (BTC). In an&nbsp;<a href="https://x.com/saylor/status/1834564555944481227" rel="noopener noreferrer nofollow">announcement</a> shared on X, Michael Saylor revealed that the firm bought 18,300 BTC for approximately $1.11 billion at approximately $60,408 per Bitcoin.</p>
<h2 id="microstrategy-and-consistency">MicroStrategy and consistency</h2>
<p dir="ltr">The software giant is now more recognized as a Bitcoin bull than its primary business venture. As Michael Saylor noted, the firm has now increased its total Bitcoin bag to 244,800 BTC, which it acquired for approximately $9.45 billion at roughly $38,585 per Bitcoin.</p>
<blockquote>
 <p lang="en" dir="ltr">MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> acquired for ~$9.45 billion at ~$38,585 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSTR</a> <a href="https://t.co/WBBRSKxA1U" rel="noopener noreferrer nofollow">https://t.co/WBBRSKxA1U</a></p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1834564555944481227?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 13, 2024</a>
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<p dir="ltr">The firm is now one of the biggest corporate holders of Bitcoin, a feat it achieved over four years. The company started buying Bitcoin in August 2020 as the COVID-19 pandemic triggered an economic crisis that rendered the U.S. dollar less valuable. Convinced of its bets, the firm has grown its holdings despite criticism and&nbsp;<a href="https://u.today/microstrategys-last-bitcoin-btc-portfolio-buy-in-red-whats-happening" rel="noopener noreferrer nofollow">fluctuating portfolio valuation</a>.</p>
<p dir="ltr">Since then, the firm has used every opportunity to buy the coin. On several occasions, MicroStrategy even issued Convertible Senior Notes, a debt offering to buy more Bitcoin.&nbsp;</p>
<p dir="ltr">Overall, the company’s bets have paid off. In the latest update, Michael Saylor said the company has achieved a BTC yield of 4.4% QTD and 17.0% YTD. Its share price is also one of the best performing on Wall Street at the moment.</p>
<h2 id="influencing-new-bitcoin-hodlers">Influencing new Bitcoin HODLers</h2>
<p dir="ltr">As MicroStrategy has made its mark in the crypto world, Saylor’s consistent advocacy for BTC has drawn new buyers. One of the most consistent as of today is Metaplanet, a Japanese investment firm.</p>
<p dir="ltr">Metaplanet has a relatively smaller Bitcoin portfolio, but it has&nbsp;<a href="https://u.today/metaplanet-will-not-stop-buying-bitcoin-adds-2188-btc-to-portfolio" rel="noopener noreferrer nofollow">remained consistent in its accumulations</a>, just like MicroStrategy. The Japanese firm has also been selling securities to acquire more digital currency.</p>
<p dir="ltr">With Bitcoin about 20% below its all-time high (ATH), these HODLers are confident in the prospect of massive returns soon.</p>

MicroStrategy Buys Additional 18,300 Bitcoin (BTC)

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