MicroStrategy said the cryptocurrency acquisition was made possible through an agreement signed on August 1 with several buyers to sell 8,048,449 shares of the company for approximately $2 billion. The average purchase price BTC
amounted to $60,408.
“As of September 12, the company, together with its subsidiaries, owns 244,800 bitcoins,” the report filed with the SEC says.
According to MicroStrategy founder and executive chairman Michael Saylor, the quarterly return on investment in the first cryptocurrency is currently 4.4%, and the annual return is 17%. The company will continue to adhere to the chosen strategy of buying bitcoins by selling shares on the market, the businessman said.
Researchers at River Financial previously said that by 2026, the Bitcoin holdings held by large companies could increase significantly as corporate investment in the asset grows.
Source: Bits
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