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

Election 2024 coverage presented by
Formerly a business software firm but now calling itself a bitcoin development company, MicroStrategy (MSTR) has added 18,300 bitcoins (BTC) to its multibillion-dollar holdings.
The new purchases was made at an average price of $60,408 per token, Executive Chairman Michael Saylor said in an X post 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.
MicroStrategy started purchasing bitcoin in 2020 and has added to its holdings since. BitcoinTreasuries data shows that it is the biggest holder of the asset among all publicly-listed companies in the world.
MSTR shares are flat premarket and have risen 91% year-to-date.
Edited by Stephen Alpher.
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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.