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CoinGape

CoinGape

Business

Business & Economics

MicroStrategy buys 7,633 BTC for $742 million and now holds 478,740 BTC

CoinGape
Summary
Nutrition label

60% Informative

Michael Saylor’s MicroStrategy has announced another Bitcoin purchase, bringing its total BTC holdings to 478,740 .

The software and Bitcoin treasury company acquired 7,633 BTC for $742 million at an average price of $ 97,255 per Bitcoin and has achieved a BTC yield of 4.1% year-to-date ( YTD ) This is the company's first Bitcoin purchase since it rebranded to Strategy, a move that reaffirmed its BTC strategy.

VR Score

36

Informative language

22

Neutral language

76

Article tone

formal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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