MicroStrategy’s Saylor hints at Bitcoin buy for 11th consecutive week
MicroStrategy’s Bitcoin holdings are currently valued at approximately $47.3 billion, and the company is up nearly 69% on its investment.
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MicroStrategy’s Bitcoin holdings are currently valued at approximately $47.3 billion, and the company is up nearly 69% on its investment.
The company now owns more than $192 million worth of BTC and touts a “Bitcoin yield” of more than 99%, it said.
According to the SaylorTracker website, MicroStrategy’s Bitcoin holdings are up around 51%, with unrealized gains of over $14 billion.
Critics call it heedless; supporters say it’s brilliant. Either way, Michael Saylor continues doubling down on Bitcoin.
According to data from the SaylorTracker website, MicroStrategy currently holds 446,400 Bitcoin, valued at approximately $43.7 billion.
MicroStrategy has bought Bitcoin for the eighth consecutive week, pushing its holdings to 446,400 BTC, worth about $41.5 billion at current market prices.
According to data from MicroStrategy co-founder Michael Saylor, the company holds 444,262 Bitcoin, valued at roughly $41.4 billion.
The fund aims to offer exposure to MicroStrategy’s convertible bonds, among others.
The publicly traded company is the latest to adopt a Bitcoin treasury, joining a growing number of firms adding BTC to their balance sheets.
MicroStrategy has submitted a proxy filing with the SEC seeking shareholders approval to boost its Bitcoin’s 21/21 Plan.
