Michael Saylor’s MicroStrategy bought 18.3K more Bitcoins for $1.1B

Formerly a business software firm, but now calling itself a bitcoin development company, MicroStrategy (MSTR) has added 18,300 bitcoins {{BTC}} to its multi-billion dollar holdings.

The new purchases were made at an average price of $60,408 per token, executive chairman Michael Saylor said in an X post Friday morning, increasing the company’s holdings to 244,800 BTC. MicroStrategy’s cost base for these holdings is $9.45 billion, or an average price of $38,585 per bitcoin. At the current price of just under $58,000, the stack is now worth about $14 billion.

Saylor also said the company has achieved a 4.4% BTC return so far this quarter on its holdings and 17% year-to-date. BTC yield is a measure developed by MicroStrategy to attempt to describe the percentage change over a given period in the ratio of a company’s bitcoin holdings to its supposedly diluted shares outstanding.

MicroStrategy started buying bitcoin in 2020 and has since added to its holdings. BitcoinTreasuries data shows it is the largest holder of the asset among all publicly traded companies in the world.

Shares of MSTR are flat premarket and are up 91% year-to-date.