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MicroStrategy has made a massive move in the cryptocurrency market by acquiring 2,138 Bitcoins for approximately $209 million. This staggering purchase brings the company’s total Bitcoin holdings to a whopping 446,400 coins valued at around $27.9 billion.
The recent acquisition is significant, considering that it was done at an average price of $97,837 per bitcoin. As a result, MicroStrategy has achieved an impressive yield of 47.8% quarterly and 74.1% yearly on its Bitcoin investments.
It’s worth noting that MicroStrategy has been consistently investing in Bitcoin over the years, with a total valuation of its BTC holdings now surpassing $27 billion.
Source: coinpedia.org
