Michael Saylor's MicroStrategy Purchased 18.3K More Bitcoins for $1.1B

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Michael Saylor's MicroStrategy Purchased 18.3K More Bitcoins for $1.1B
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Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

on Friday morning, boosting the company's holdings to 244,800 BTC. MicroStrategy's cost basis for those holdings is $9.45 billion, or an average price of $38,585 per bitcoin. At the current price just under $58,000 the stack is now worth about $14 billion.

Saylor further said the company has achieved a BTC yield of 4.4% so far this quarter on its holdings and 17% year-to-date. BTC yield is a metric developed by MicroStrategy to try and describe the percentage change over a given period of the ratio between the company’s bitcoin holdings and its assumed diluted shares outstanding.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.

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