MicroStrategy Shocks Markets With 5,262 BTC Buy for $516M as Holdings Hit Record-Breaking 444,262

MicroStrategy has stunned the crypto world again by purchasing 5,262 BTC for $516 million, bringing its total to a record 444,262 BTC. The company’s aggressive Bitcoin strategy continues to shape its Nasdaq-100 milestone today.

MicroStrategy Reports Record BTC Yield in 2023

The press announcement from MicroStrategy states that the company has a BTC yield of 47.4% QTD and 73.7% YTD after purchasing 5,262 BTC for $516 million, or an average price of $106,662 per bitcoin.

At the present time, the organization is in possession of 444,262 Bitcoins, which it purchased for a total of $27.7 billion at an average price of $62,257 per bitcoin. This is the seventh acquisition in as many weeks for the corporation.

Recent Bitcoin Acquisitions Boost Portfolio Strength

The acquisition of 15,350 BTC for $1.5 billion was disclosed last week by MicroStrategy. The software company's allocation to Bitcoin remains unchanged, even though the price of the flagship cryptocurrency has been relatively flat.

The purchase of this stock comes just before the company is scheduled to be listed on the Nasdaq-100 index, which is scheduled to happen today. Part of the credit for this success goes to the company's exposure to Bitcoin, which has been a boon thus far.

MSTR Stock Outperforms Major Indices

The corporation is currently boasting an unrealized profit on its Bitcoin investment that is somewhere in the neighborhood of $15 billion, Coingape shares. While everything is going on, the MSTR stock has been one of the assets that has performed the best.

Among the major indices, including the 'Magnificent 7' and Bitcoin, MSTR has outperformed with a year-to-date gain of more than 470%. Also, since Michael Saylor and his business started using the "Bitcoin Strategy" in 2020, MSTR has done better than any of these assets.