MicroStrategy Acquires 7,633 BTC for $742 Million
- MicroStrategy, rebranded as Strategy, purchased 7,633 BTC for $742 million.
- The average purchase price was $97,255 per Bitcoin.
- Total BTC holdings now stand at 478,740 BTC, acquired for $31.1 billion.
- MSTR stock price increased by over 2%, trading around $334.
- The company aims for a minimum annual BTC yield of 15% in 2025.
MicroStrategy’s recent acquisition of Bitcoin has resulted in a rebound of its stock price and solidified its position as the largest public company holding Bitcoin. The firm continues to focus on its Bitcoin strategy with plans to further increase its holdings and yield targets.
Source (2.6)https://coingape.com/microstrategy-acquires-7633-btc-for-742-million/?rand=24432
