MicroStrategy has announced another Bitcoin purchase, its seventh in as many weeks. This recent purchase brings the company’s total holdings to 444,262 BTC, and it comes amid its Nasdaq-100 listing today.

MicroStrategy Acquires 5,262 BTC

In a press release, MicroStrategy announced that it acquired 5,262 BTC for $516 million at an average price of $106,662 per bitcoin and has achieved a BTC yield of 47.4% quarter-to-date (QTD) and 73.7% year-to-date (YTD).

The company now holds 444,262 BTC, which it acquired for $27.7 billion and at an average price of $62,257 per bitcoin. This purchase marks the company’s seventh in as many weeks.

Last week, MicroStrategy announced that it acquired 15,350 BTC for $1.5 billion. The software company continues to increase its Bitcoin holdings despite the flagship crypto’s tepid price action.

Meanwhile, this recent purchase comes amid the company’s Nasdaq-100 listing, which is set to take place today. This achievement has been partly thanks to the company’s Bitcoin exposure, which has worked out greatly so far.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

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