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The Defiant 2025-04-14 12:30:40

MicroStrategy Buys 3,459 Bitcoins for $285.8 Million, Now Holds 531,644 BTC

MicroStrategy Inc., led by Michael Saylor, has announced the acquisition of an additional 3,459 bitcoins for approximately $285.8 million at an average price of $82,618 per bitcoin. This purchase brings the company's total holdings to 531,644 bitcoins, acquired for about $35.92 billion at an average price of $67,556 per bitcoin, with a year-to-date Bitcoin yield of 11.4%. The acquisition follows a period where MicroStrategy paused its bitcoin purchases amid a market downturn in the first quarter of 2025, during which the company added 80,785 bitcoins to its balance sheet after raising $7.69 billion. The pause was influenced by unrealized losses on its massive Bitcoin holdings, leading to an expected net loss for the first quarter. However, recent signals from Saylor, including a Bitcoin holdings tracker post mentioning 'no tariffs on orange dots,' suggested that the company was poised to resume buying, which it has now confirmed with this latest purchase. MicroStrategy's crypto stash currently represents 2.515% of Bitcoin's total supply. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

https://www.digistore24.com/redir/325658/ceobig/
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