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MicroStrategy Buys 130 BTC for $10.7M, Total Holdings Reach 499,226 with 6.9% YTD Yield

Michael Saylor, the executive chairman of MicroStrategy, now holds more Bitcoin than the combined reserves of the United States and China, according to recent reports
By: DeepNewz • March 17, 2025
MicroStrategy Buys 130 BTC for $10.7M, Total Holdings Reach 499,226 with 6.9% YTD Yield

Michael Saylor, the executive chairman of MicroStrategy, now holds more Bitcoin than the combined reserves of the United States and China, according to recent reports. This significant accumulation underscores Saylor's continued commitment to the cryptocurrency.

In a recent interview with Fox News, Saylor stated that former President Donald Trump supports Bitcoin as a store of value, suggesting that the U.S. could position itself as the 'bankers of the world' by embracing the cryptocurrency.

MicroStrategy, under Saylor's leadership, has further expanded its Bitcoin holdings by purchasing an additional 130 Bitcoins between March 10 and March 16, at an average price of $82,981 per Bitcoin, totaling $10.7 million. This acquisition brings the company's total Bitcoin holdings to 499,226, valued at over $41.6 billion, with an average purchase price of $66,360 per Bitcoin and a year-to-date yield of 6.9%.

The company funded this latest purchase by selling 123,000 shares of its Series A perpetual preferred stock (STRK Shares), generating approximately $10.7 million in net proceeds. This move follows MicroStrategy's announcement of plans to raise up to $21 billion through the issuance of Class A strike preferred stock, with the total cost of their Bitcoin holdings now standing at $33.1 billion.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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