MicroStrategy’s Latest Move: $60 Million Bitcoin Addition to Treasury

MicroStrategy, a prominent player in institutional Bitcoin investment, has revealed a new addition to its digital treasury. The company announced the acquisition of approximately 8,866 Bitcoins for around $60 million in cash, averaging a price of $6,7735 per Bitcoin. This recent purchase marks the company’s smallest Bitcoin acquisition in a month, yet it significantly bolsters MicroStrategy’s overall Bitcoin holdings. According to a recent disclosure, MicroStrategy now possesses roughly 226,331 Bitcoins, acquired at an average price of approximately $36,798 per Bitcoin. The total value of the company’s Bitcoin holdings is close to $8.33 billion. MicroStrategy, under the leadership of CEO Michael Saylor, has consistently advocated for Bitcoin as a primary reserve asset. The company’s long-term investment strategy reflects its unwavering confidence in Bitcoin’s future potential. Even as the market faces frequent volatility, MicroStrategy remains committed to expanding its Bitcoin holdings, viewing it as a reliable store of value over the long haul.