MicroStrategy Bought 18,300 More Bitcoins in the Past Month
MicroStrategy has bought 18,300 more Bitcoins worth $1.11 billion over the past month. The publicly traded company now holds a total of 244,800 BTC.
According to the latest announcement, the investment firm MicroStrategy has bought 18,300 more Bitcoins (equivalent to $1.11 billion) at an average purchase price of $60,408/BTC during the period from August 6 to September 12, 2024.
MicroStrategy also announced “BTC Yield” - an index to measure its investment activities as introduced in the purchase of $786 million in Bitcoin in June. The company's BTC Yield year-to-date is 17%, and in the third quarter alone it is 4.4%.
With the latest purchase, this public company is holding a total of 244,800 BTC with an average purchase price of $38,585 per BTC, bringing the total value of Bitcoin ownership to $9.45 billion. Thus, billionaire Michael Saylor's company is making a profit of nearly 60% of its investment portfolio.
MicroStrategy seriously entered the Bitcoin market in August 2020, with its first investment worth $250 million. Since then, despite continuous losses, they have continuously added Bitcoin to their reserve assets and announced that they have no plans to sell Bitcoin.
Besides familiar giants such as MicroStrategy, MARA, Tesla, Tether... still maintaining a strategy of buying Bitcoin periodically, many large companies and organizations in the world have begun to consider Bitcoin as an effective investment tool such as Metaplanet, OneMedNet, Boyaa Interactive, Semler Scientific.
