Microstrategy the largest corporate holder of Bitcoin acquired an additional 15,350 BTC for $1.5 billion.
The acquisition was made at a unit price of $100,286 taking Microstrategy’s total haul to 439,000 BTC.
The development was announced by the chairman of the Business Intelligence firm Michael Saylor via his X page revealing details of the transaction and the percentage yield on them.
“ MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved a BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR” Michael Saylor tweeted
Microstrategy’s Bitcoin Yield
The latest acquisition by Microstrategy took the firm’s returns on their Bitcoin investment up by 46.4% on a Quarter to Date scale and 72.4% on a Year to Date scale.
Crypto news reported earlier that treasuries on a bitcoin standard is up by 143% Year to date as revealed by Michael Saylor yesterday.
Bitcoin buying spree
American companies who are large holders of Bitcoin have been on a buying spree this month.
Microstrategy, Marathon Digital, and Riot platforms purchased a combined $3.26 billion worth of Bitcoin in the first week of December.
Microstrategy initially purchased 21,550 BTC worth $2.1 billion between Dec 2 and Dec 8.
Marathon Digital a Bitcoin mining firm acquired 11,774 BTC for around $1.1 billion within the first week of December.
Finally, Riot Platforms a Bitcoin Infrastructure firm acquired 705 BTC worth $68.45 million in the same week.
More US companies are set to acquire large holdings of BTC as the prospective Donald Trump administration is set to ease things for the crypto industry with favorable policies and regulations.
