MicroStrategy made another Bitcoin purchase, acquiring 6,911 between March 17 and 23. This development is also significant as the firm, now known as Strategy, has crossed the 500,000 BTC mark and now holds 506,137 BTC.
MicroStrategy Acquires 6,911 BTC For $584M
In a press release, MicroStrategy announced that it had acquired 6,911 Bitcoin for $584.1 million at an average price of $84,529 per BTC and has now achieved a BTC yield of 7.7% year-to-date (YTD).
The software company now holds 506,137 BTC, which it acquired for $33.7 billion at an average price of $66,608 per BTC. Strategy remains the public company with the largest Bitcoin holdings and holds over 2% of BTC’s total supply.
Meanwhile, this latest purchase comes just days after MicroStrategy announced that it had raised $722 million to buy more Bitcoin. The company also plans to raise up to $21 billion to accelerate its Bitcoin Treasury.
The post Breaking: MicroStrategy Acquires 6,911 Bitcoin For $584 Million appeared first on CoinGape.
