MicroStrategy (NASDAQ:MSTR) announced it now holds 446,400 Bitcoins after purchasing an additional 2,138 coins for $209 million last week. The company’s total Bitcoin holdings are valued at around $27.9 billion. Following the latest acquisition, the value of its portfolio rises to $41.6 billion, representing a notable unrealized gain of over $13.9 billion.
The company revealed that it purchased Bitcoins between December 23 and December 29 at an average price of $97,800 per coin. MicroStrategy’s Bitcoin yield jumped to 47.8% for the period from October 1 to December 29, increasing from 47.4% in early November. For the year-to-date, its Bitcoin yield stands at 74.1%.
MicroStrategy’s strategy of using digital assets as major treasury reserves continues to pay off, with the stock experiencing significant growth. The company’s Bitcoin holdings have surged over 422% on a yearly basis and approximately 116% in the past six months alone.
Source: https://finance.yahoo.com/news/microstrategy-keeps-building-41-6b-134331903.html