Breaking: MicroStrategy Acquires 15,350 BTC For $1.5 Billion

MicroStrategy has announced another Bitcoin purchase, which they made for $1.5 billion. This comes just days after the software company’s inclusion into the Nasdaq-100, while the purchase marks their sixth in as many weeks. MicroStrategy Acquires 15,350 BTC For $1.5B MicroStrategy revealed in a press release that it has acquired 15,350 BTC for $1.5 billion at an average price of $100,386 per bitcoin and has achieved a BTC yield of 46.4% quarter-to-date (QTD) and 72.4% year-to-date (YTD). The software company now holds 439,000 BTC, which it acquired for $27.1 billion at an average price of $61.725 per bitcoin. The company holds over 2% of Bitcoin’s total supply and is the public company with the largest bitcoin holdings. MicroStrategy has shown no signs of slowing down despite already owning over 2% of the total Bitcoin supply. This recent purchase is their sixth in a six-week period, which began in November. Last week, the software company bought 21,550 BTC for $2.1 billion. The “Bitcoin Standard” has undoubtedly favored MicroStrategy and its co-founder, Michael Saylor. Saylor pushed the company to adopt the Bitcoin Strategy in August 2020. Recently, Saylor highlighted the MSTR stock’s impressive performance this year, partly due to its BTC exposure. MarketWatch data shows that the stock is up over 540% YTD. Meanwhile, MicroStrategy is set to join the Nasdaq-100 , an achievement that can also be partly attributed to the company’s Bitcoin exposure, which has brought immense success. Number Of Bitcoin Whales Is On The Rise The number of Bitcoin whales like MicroStrategy is on the rise. Crypto analyst Ali Martinez recently revealed that the number of BTC whales on the network has gone “parabolic” since Donald Trump won the US presidential elections. The number of Bitcoin whales isn’t the only thing that has surged, as the Bitcoin price has also been on a bullish ride since Donald Trump emerged as the US president-elect. The Bitcoin price recently surged to a new all-time high (ATH) of $106,000 amid increased optimism that Donald Trump’s administration would create a Strategic Bitcoin Reserve. MicroStrategy’s Michael Saylor is one of those who has openly supported the idea of a Strategic Bitcoin Reserve. The tech entrepreneur has even gone as far as advising the US to sell its gold reserves to buy more Bitcoin. The post Breaking: MicroStrategy Acquires 15,350 BTC For $1.5 Billion appeared first on CoinGape .