MicroStrategy, led by Michael Saylor, has executed another significant Bitcoin acquisition, strengthening its position as the largest publicly traded corporate holder of the cryptocurrency. The company purchased 4,980 BTC for approximately $531.1 million during the past week.
This strategic purchase coincides with a notable rise in Bitcoin’s market price, which climbed from around $101,000 to over $108,000.
Adding these new coins brings MicroStrategy’s total Bitcoin holdings to 597,325 BTC. The company maintains an average acquisition cost basis of $70,982 per Bitcoin.
MicroStrategy continues to report substantial unrealized profits on its Bitcoin strategy. Year-to-date gains have reached 85,871 BTC, representing an estimated value increase of approximately $9.5 billion.
Furthermore, the company’s Bitcoin yield has improved significantly, rising by 0.5% to 19.7%. This progress edges closer to MicroStrategy’s stated goal of achieving a 25% year-to-date yield by the end of the year.
MicroStrategy’s consistent and transparent reporting of its Bitcoin holdings and strategy through official SEC filings is noted as enhancing market trust. These disclosures provide clear insights into the firm’s substantial institutional confidence in Bitcoin as a long-term store of value.