MicroStrategy Acquires 27,200 BTC, MSTR Stock Soars 8%

MicroStrategy has revealed the purchase of 27,200 additional BTC, increasing their total Bitcoin holdings to 279,420 BTC.

MicroStrategy has disclosed that it has acquired an additional $2 billion in Bitcoin, resulting in 279,420 BTC. This occurs when the Bitcoin price reaches new highs, resulting in an unrealized profit of over $10 billion on its Bitcoin investment. In the interim, the MSTR stock experienced an 8% increase due to the company’s announcement.

MicroStrategy Acquires 27,200 BTC

In a press release, MicroStrategy disclosed that it had acquired 27,200 BTC for $2 billion at an average price of $74,463 per Bitcoin. This increases its total holdings to 279,420 bitcoins, acquired at an average price of $42,692 per bitcoin and cost $11.9 billion.

Additionally, the organization disclosed that it had generated a BTC yield of 7.3% for the quarter and 26.4% for the year. The Bitcoin (BTC) yield is a key performance indicator (KPI) that “represents the percentage change period-to-period of the ratio between the company’s bitcoin holdings and its Assumed Diluted Shares Outstanding.”

This occurs when the Bitcoin price is at all-time highs (ATHs), which has already resulted in an unrealized profit of over $10 billion for the company. Since August 2020, the software company has maintained its accumulation of the flagship cryptocurrency as part of a “Bitcoin Strategy” devised by its co-founder, Michael Saylor.

In the interim, MicroStrategy continues to fortify itself as one of the largest Bitcoin holders. Currently, the organization is the fifth-largest Bitcoin holder, following Satoshi Nakamoto, Binance, BlackRock, and Grayscale. The company is the first publicly traded company in terms of Bitcoin holdings and holds 1.2% of the total supply of BTC.