MicroStrategy, led by Michael Saylor, has made headlines with another significant Bitcoin acquisition, purchasing 705 BTC for $75.1 million between May 26 and 30. This move came as Bitcoin's value slipped to an intraweek low of $103,400, down from $110,000. The recent acquisition raised MicroStrategy's total Bitcoin holdings to 580,955 BTC, with an overall investment of around $40.68 billion at an average cost of $70,023 per coin.
Despite the recent downturn in Bitcoin prices, which saw an average purchase price of $106,495 for the latest batch, MicroStrategy's year-to-date yield stands at 16.9%, slightly up from the previous reported yield. The firm aims to boost this yield to 25% by the end of 2025. Investors should be aware that while the company's stock, trading under the ticker MSTR, has fluctuated, it remains up approximately 23% year-to-date.
In related news, a series of share sales by MicroStrategy director Jarrod Patten earlier in the week pressured the company's stock, which briefly fell below $360. However, it closed out last week at $369, still showing a solid year-over-year gain of 123%. Market analysts, such as Jeff Walton from MicroStrategy, suggest that the company is on track to become a leading publicly traded equity, primarily due to its substantial Bitcoin holdings, which account for about 2.9% of all mined Bitcoin.
Despite the recent downturn in Bitcoin prices, which saw an average purchase price of $106,495 for the latest batch, MicroStrategy's year-to-date yield stands at 16.9%, slightly up from the previous reported yield. The firm aims to boost this yield to 25% by the end of 2025. Investors should be aware that while the company's stock, trading under the ticker MSTR, has fluctuated, it remains up approximately 23% year-to-date.
In related news, a series of share sales by MicroStrategy director Jarrod Patten earlier in the week pressured the company's stock, which briefly fell below $360. However, it closed out last week at $369, still showing a solid year-over-year gain of 123%. Market analysts, such as Jeff Walton from MicroStrategy, suggest that the company is on track to become a leading publicly traded equity, primarily due to its substantial Bitcoin holdings, which account for about 2.9% of all mined Bitcoin.
