MicroStrategy Drops Another $209 Million On Bitcoin, Extends Buying Streak To 8 Weeks

MicroStrategy Inc (NASDAQ:MSTR) extends its Bitcoin (CRYPTO: BTC) acquisition strategy, announcing on Monday its latest purchase of 2,138 BTC for approximately $209 million to bring the company’s total holdings to 446,400 BTC.

What Happened: MicroStrategy’s Executive Chairman Michael Saylor announced the acquisition on X, having purchased the Bitcoin at an average price of $97,837 per coin.

Saylor highlighted MicroStrategy’s performance, noting a “BTC Yield of 47.8% QTD and 74.1% YTD.”

As of Dec. 29, MicroStrategy’s total Bitcoin holdings were acquired for about $27.9 billion at an average price of $62,428 per Bitcoin.

Also Read: Ethereum To Outperform Bitcoin …

Full story available on Benzinga.com