Breaking: MicroStrategy Buys 27,200 BTC Worth Over $2B, MSTR Stock Jumps 8%

MicroStrategy has announced that it has acquired more Bitcoin for $2 billion and now holds 279,420 BTC. This comes amid the Bitcoin price reaching new highs, which puts its Bitcoin investment in unrealized profit of over $10 billion. Meanwhile, the MSTR stock surged 8% on the back of this announcement from the company.

MicroStrategy Acquires 27,200 BTC

MicroStrategy announced in a press release that it had acquired 27,200 BTC for $2 billion at an average price of $74,463 per Bitcoin. This brings its total holdings to 279,420 bitcoins, which it acquired for a total of $11.9 billion and at an average price of $42,692 per bitcoin.

The company also revealed that it achieved a BTC yield of 7.3% quarter-to-date (QTD) and 26.4% year-to-date (YTD). The BTC yield is a key performance indicator (KPI), which “represents the percentage change period-to-period of the ratio between the company’s bitcoin holdings and its Assumed Diluted Shares Outstanding.”

This comes at a time when the Bitcoin price is reaching all-time highs (ATHs), which has already put the company’s investment at an unrealized profit of over $10 billion. The software company has continued to accumulate the flagship crypto since August 2020 as part of a ‘Bitcoin Strategy’ that its co-founder Michael Saylor developed.

Meanwhile, MicroStrategy continues to solidify its position as one of the largest Bitcoin holders. The company is currently the fifth largest Bitcoin holder behind Satoshi Nakamoto, Binance, BlackRock, and Grayscale. The company is ranked first among publicly traded companies in terms of Bitcoin holdings and holds 1.2% of BTC’s total supply.

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