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MicroStrategy bets big on Bitcoin again, achieving 74% YTD yield

MicroStrategy acquired 2,138 Bitcoin for $209 million between Dec. 23 and Dec. 29 at an average price of $97,837 per BTC, funded by the sale of 592,987 shares during the same week.

MicroStrategy reported a 74.1% year-to-date yield on its Bitcoin investments as of Dec. 30, with a 47.8% yield recorded for the fourth quarter. Co-founder and executive chairman Michael Saylor hinted at the purchase on Dec. 29, referencing “disconcerting” lines on a tracker monitoring the company’s Bitcoin activity. Saylor reiterated the firm’s commitment to acquiring Bitcoin regardless of price, even if it reaches $1 million.

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MicroStrategy bets big on Bitcoin again, achieving 74% YTD yield

MicroStrategy acquired 2,138 Bitcoin for $209 million between Dec. 23 and Dec. 29 at an average price of $97,837 per BTC, funded by the sale of 592,987 shares during the same week.

MicroStrategy reported a 74.1% year-to-date yield on its Bitcoin investments as of Dec. 30, with a 47.8% yield recorded for the fourth quarter. Co-founder and executive chairman Michael Saylor hinted at the purchase on Dec. 29, referencing “disconcerting” lines on a tracker monitoring the company’s Bitcoin activity. Saylor reiterated the firm’s commitment to acquiring Bitcoin regardless of price, even if it reaches $1 million.

Read More: https://financefeeds.com/microstrategy-bets-big-on-bitcoin-again-achieving-74-ytd-yield/