MicroStrategy Expands Bitcoin Holdings to 244,800 BTC

MicroStrategy Expands Bitcoin Holdings Significantly

MicroStrategy (MSTR), which once focused on business software solutions but has since transitioned into a prominent bitcoin development firm, has made a substantial addition to its bitcoin portfolio. The company recently acquired 18,300 bitcoins (BTC), bringing its total holdings to an impressive 244,800 BTC. According to Executive Chairman Michael Saylor, these new bitcoins were purchased at an average price of $60,408 per token.

This latest acquisition has significantly boosted MicroStrategy’s overall investment in bitcoin, with a total cost basis of approximately $9.45 billion. This translates to an average purchase price of $38,585 per bitcoin. At the current market price, which hovers just under $58,000, the company’s bitcoin holdings are now valued at around $14 billion.

Saylor also noted that MicroStrategy has achieved a BTC yield of 4.4% for this quarter and an impressive 17% year-to-date. The BTC yield is a unique metric developed by the company, intended to measure the percentage change over a specific timeframe in relation to the ratio of its bitcoin holdings against its assumed diluted shares outstanding.

Since initiating its bitcoin purchases in 2020, MicroStrategy has continually increased its holdings, establishing itself as the largest holder of bitcoin among publicly-listed companies worldwide, as reported by BitcoinTreasuries. As of now, MSTR shares remain stable in premarket trading and have experienced a remarkable 91% increase year-to-date.