MicroStrategy doubles down on Bitcoin with $2.03B purchase
MicroStrategy has shown a strong commitment to Bitcoin by purchasing an additional 27,200 BTC for $2.03 billion in cash, bringing their total holdings to 279,420 BTC worth nearly $23 billion. The purchases were made using proceeds from issuing and selling shares, with a BTC yield of 7.3% from Oct. 1 to Nov. 10 and a year-to-date yield of 26.4%. MicroStrategy's Bitcoin portfolio tracker, "Saylor Tracker," showed a return on investment of over 100% on Nov. 10, with the company remaining the largest corporate BTC holder.
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