MicroStrategy buys 2,138 Bitcoin for $209M, yield reaches 74% in 2024
MicroStrategy has bought Bitcoin for the eighth consecutive week, pushing its holdings to 446,400 BTC, worth about $41.5 billion at current market prices.
Business intelligence firm and Bitcoin investor MicroStrategy has acquired 2,138 Bitcoin for $209 million, boosting its total holdings of the cryptocurrency.
On Dec. 30, MicroStrategy announced that it added 2,138 BTC to its holdings between Dec. 23 and Dec. 29. The company said it used $209 million in cash to purchase the coins at an average price of about $97,837 per BTC.
According to a filing, MicroStrategy funded the acquisition by selling 592,987 shares during the same week.
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Author: Ezra Reguerra
