MicroStrategy Incorporated (NASDAQ:MSTR) has expanded its Bitcoin (CRYPTO: BTC) holdings by purchasing an additional 2,530 bitcoins for approximately $243 million, averaging $95,972 per coin, according to an SEC filing.

MicroStrategy buys 1,070 Bitcoin for $101M, boosting BTC holdings. Yield reaches 74% amid ongoing bitcoin acquisition.

MicroStrategy Inc. bought $101 million of Bitcoin after announcing that it would use perpetual preferred stock as well as common shares and debt to acquire more of the cryptocurrency. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeIs This Weird Dome the Future of Watching Sports?

MicroStrategy added another 1,070 Bitcoin to its holdings, spending around $101 million at an average price of $94,004 per Bitcoin.

MicroStrategy has further solidified its position as the leading institutional holder of Bitcoin, adding another 1,070 BTC to its reserves.

Michael Saylor's MicroStrategy is at it again, adding another 2,530 Bitcoin (BTC) to its digital treasure trove.

Key Takeaways Bitcoin briefly dropped below $90,000 early Monday, for the first time since November after a wild week of trading.Concerns around the Federal Reserve pulling back on rate cuts due to recent economic data may have made bitcoin investors nervous.

MicroStrategy has purchased 2,530 BTC for $243 million, increasing its Bitcoin holdings to 450,000 BTC. Semler Scientific has also acquired 237 BTC, bringing its total

MicroStrategy, the business intelligence firm known for its aggressive Bitcoin acquisition strategy, has added another 2,530 BTC to its reserves. According to an 8-K filing with the Securities and Exchange Commission on Monday,