MicroStrategy, led by CEO Michael Saylor, continues to cement its position as the largest corporate holder of Bitcoin with its recent purchase of 27,200 BTC worth nearly $2 billion.
This brings the company’s total Bitcoin holdings to 279,420 BTC, valued at just under $23 billion as Bitcoin continues to reach new all-time highs, surpassing $82,000.
Since the company began acquiring Bitcoin, it has spent a total of $11.9 billion, resulting in a profit of approximately $11 billion.
This quarter alone, MicroStrategy’s Bitcoin yield has been 7.4%, and it has seen a 26% increase year-to-date, as announced by the company on Monday.
The recent purchase of 27,200 BTC has already yielded a profit of over $200 million, as the coins were acquired at an average price of $74,463 and have since appreciated by nearly $8,000 each.
