MicroStrategy Acquires 22,048 Bitcoin For $1.92 Billion

Michael Saylor’s MicroStrategy, now known as Strategy, has made another Bitcoin purchase. This time, the company purchased 22,048 BTC for $1.92 billion, bringing its total holdings to 528,185.

MicroStrategy Acquires 22,048 BTC For $1.92 Billion

In a press release, MicroStrategy revealed that it has acquired 22,048 BTC for $1.92 billion at an average price of $86,969 per Bitcoin and has achieved a BTC yield of 11.0% year-to-date (YTD).

Following this purchase, Strategy now holds 528,185 BTC, which it acquired for $35.63 billion at an average price of $67,458 per Bitcoin. Meanwhile, the company remains the public company with the largest Bitcoin holdings.

This comes just a week after the company acquired 6,911 BTC for $584 million. Saylor and MicroStrategy will likely make more purchases in the coming weeks as they have raised billions of dollars for their Bitcoin acquisition plans.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

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