MicroStrategy, the business intelligence company known for its aggressive Bitcoin acquisition strategy, announced today the purchase of an additional 18,300 Bitcoins for approximately $1.11 billion. This latest acquisition brings the company’s total Bitcoin holdings to a staggering 244,800 BTC, valued at an estimated $9.45 billion as of September 2024.
Reuters reported the buy first.
The company, led by Bitcoin advocate Michael Saylor, has consistently championed Bitcoin as a superior store of value and a hedge against inflation.
Michael Saylor, the founder of the company, also made a statement and said:
MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per Bitcoin and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 $BTC acquired for ~$9.45 billion at ~$38,585 per BTC.
