MicroStrategy Buys 245 Bitcoin at Average $105,856, Coin Drops

World’s largest public Bitcoin investor, MicroStrategy, disclosed its latest $26 million BTC purchase, contributing to a slide in the cryptocurrency amid escalating geopolitical fears.

Latest Acquisition Details

MicroStrategy announced via a Monday SEC filing that it acquired 245 Bitcoin (BTC) during the week ending June 22. The cost basis for this new position was approximately $26 million.

The average acquisition price for the latest batch was $105,856 per coin, according to the filing. Meanwhile, Bitcoin dropped from around $108,900 seen last Monday to a trading low near $99,000 during the week, as per CoinGecko data.

Increasing Holdings

This latest purchase adds to the company’s previous BTC acquisitions and brings its total Bitcoin holdings to approximately 592,345 coins, representing an investment cost of roughly $41.9 billion at an average price of $70,681 per coin.

Strategy Metrics YTD

MicroStrategy Year-to-Date Bitcoin Yield: 19.2%

Following the new purchases, MicroStrategy’s year-to-date (YTD) Bitcoin yield stands at 19.2%, calculated as the percentage increase in the value of its BTC holdings over the reporting period.

This slight increase of 0.01 percentage points follows the company’s significant $1 billion purchase disclosed on June 16, maintaining the yield plateau reached then.

MicroStrategy previously had forecasted a target YTD yield of 15%, but it raised this goal to 25% by the year’s end on May 1.

Background

The company’s announcement came after CEO Michael Saylorprovided an ambitious long-term Bitcoin price outlook on June 21, forecasting its value to potentially reach $21 million by the year 2144.