Breaking: MicroStrategy Acquires 5,262 BTC For $561M

MicroStrategy has announced another Bitcoin purchase, its seventh in as many weeks. This recent purchase brings the company’s total holdings to 444,262 BTC, and it comes amid its Nasdaq-100 listing today. MicroStrategy Acquires 5,262 BTC In a press release , MicroStrategy announced that it acquired 5,262 BTC for $516 million at an average price of $106,662 per bitcoin and has achieved a BTC yield of 47.4% quarter-to-date (QTD) and 73.7% year-to-date (YTD). The company now holds 444,262 BTC, which it acquired for $27.7 billion and at an average price of $62,257 per bitcoin. This purchase marks the company’s seventh in as many weeks. Last week, MicroStrategy announced that it acquired 15,350 BTC for $1.5 billion. The software company continues to increase its Bitcoin holdings despite the flagship crypto’s tepid price action. Meanwhile, this recent purchase comes amid the company’s Nasdaq-100 listing, which is set to take place today. This achievement has been partly thanks to the company’s Bitcoin exposure, which has worked out greatly so far. The post Breaking: MicroStrategy Acquires 5,262 BTC For $561M appeared first on CoinGape .