MicroStrategy has bought more Bitcoin for the fifth consecutive week, in a period that spans back to the beginning of November. The software company announced that it purchased 21,550 BTC for $2.1 billion, bringing its total holdings to 423,650 BTC.
MicroStrategy Acquires 21,550 BTC
In a press release, MicroStrategy announced that it acquired 21,550 for $2.1 billion at an average price of $98,783 per BTC and has achieved a BTC yield of 43.2% quarter-to-date (QTD) and 68.7% year-to-date (YTD).
As a result, the company’s total Bitcoin holdings now stand at 423,650 BTC, which they acquired for $25.6 billion at an average price of $60,324 per bitcoin. The software company made this recent purchase between December 2 and 8, marking the fifth consecutive week it bought the flagship crypto. With its latest purchase, the company now holds over 2% of Bitcoin’s total supply.
The company’s co-founder, Michael Saylor, recently called on the US to sell its gold to buy Bitcoin. Other companies
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