Michael Saylor’s MicroStrategy has made its twelfth Bitcoin purchase in as many weeks. The company announced that it had acquired 10,107 BTC for $1.1 billion, bringing its total holdings to 471,107 BTC.
Michael Saylor’s MicroStrategy Acquires 10,107 BTC
In a press release, MicroStrategy announced that it had acquired 10,107 BTC for $1.1 billion at an average price of $105,596 per bitcoin and has achieved a BTC yield of 2.90% year-to-date (YTD).
The company holds 471,107 BTC, which it acquired for $30.4 billion at an average price of $64,511 per bitcoin. This recent purchase marks the company’s twelfth in as many weeks. Last week, the software company announced that it had acquired 11,000 BTC for $1.1 billion.
The company is expected to acquire more Bitcoin in the long term, as its shareholders recently voted to increase its share capital to aid the Bitcoin strategy. This will aid in solidifying MicroStrategy’s position as the public company with the largest BTC holding.
The MSTR stock price failed to react positively to the development of this recent Bitcoin purchase. Nasdaq data shows the stock is down over 4% in the pre-trading market.
However, this decline is due to the bearish sentiment in the broader financial market. Alongside the broader crypto market, crypto stocks like MARA, COIN, and MSTR have crashed on China’s DeepSeek jitters.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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