MicroStrategy, the biggest corporate holder of Bitcoin, has just made another big purchase. They bought an additional $458.2 million worth of BTC. This time, the company acquired 7,420 BTC at an average price of around $61,750, according to co-founder and executive chairman, Michael Saylor.
Saylor also mentioned that MicroStrategy has achieved a Bitcoin yield of 5.1% for the quarter and 17.8% year-to-date. Now, the firm owns a total of 252,220 BTC, which they bought for $9.9 billion. That gives them an average purchase price of about $39,266 per Bitcoin.
As of now, BTC is trading at $62,945. This means that MicroStrategy's Bitcoin holdings are now worth over $15.8 billion. They own more than 1% of Bitcoin's total supply, making them the largest corporate investor in this cryptocurrency.
For comparison, Marathon Digital Holdings comes in second place with a Bitcoin treasury of 26,200 BTC, valued at about $1.6 billion, according to BitcoinTreasuries.net.
MicroStrategy's aggressive strategy for acquiring Bitcoin seems to be paying off. The price of their stock, MSTR, has surged by more than 360% in the past year.
In July, the company announced a 10-for-1 stock split for its Class A and Class B common stock. This move aimed to make MicroStrategy's stock more accessible to both investors and employees.
BTC has also seen a nearly 20% increase from its lows in September 2024, when it was around $52,550.