Software company MicroStrategy announced another Bitcoin purchase, making it the third consecutive week that it has purchased the flagship crypto. Thanks to this development, the company now holds 402,100 BTC, which accounts for over 1.2% of BTC’s total supply.
MicroStrategy Acquires 15,400 BTC
The company announced in a press release that it had acquired 15,400 BTC for $1.5 billion at an average price of $95,976 per bitcoin and has achieved a BTC yield of 38 .7% quarter-to-date (QTD) and 63.3% year-to-date (YTD).
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Following this recent purchase, MicroStrategy now holds 402,100 BTC, which it acquired for $23.4 billion at an an average price of $58,263. The company’s co-founder,, Michael Saylor,, also confirmed this development in an X post.
Meanwhile, this development comes as Marathon Digital, the public company with the second-largest Bitcoin holding, also announced that they plan to raise $700 million, with some of the proceeds allocated for more Bitcoin purchases.
