icrostrategy has recently acquired approximately $7,400 BTC for $458 Million dollars. This recent purchase took place between 13-19 September with an average price of $61,750 dollars and was purchased with a $1.01 billion dollars debt offering.
Growing Bitcoin Holdings
MicroStrategy's Bitcoin holding currently amounts to a total of 252,220 BTC. The company has invested a total of $9.90 billion in these purchases, with an average price of $39,260 dollars/bitcoin. The value of their Bitcoin holdings is currently in profits and sits at approximately $15.84 billion.
MicroStrategy's Financial Results
Following the announcement of their recent Bitcoin purchase, Microstrategy’s stock price increased by 0.18%. Moreover, The company announced a Bitcoin yield of 5.1% for the quarter and a total of 17.8% for the year to date.
Rising Interest in MicroStrategy ETFs
Leveraged MicroStrategy ETFs are starting to draw attention in the marketplace. On its first trading day, the long MicroStrategy ETF generated a volume of $2 million. Moreover, the 1.75x MicroStrategy ETF of Defiance ETFs has amassed more than $200 million since it was launched on August 15.
MicroStrategy has expanded its holdings of BTC
MicroStrategy's continuing Bitcoin purchases joined with the expanding interest in related ETFs suggests the company's dedication to investing in cryptocurrencies. The ongoing swings in Bitcoin’s value keep MicroStrategy’s strategy under the watchful eyes of investors and industry observers alike.
