Microstrategy has acquired an additional 14,620 BTC for $615.7 Million at an average price of $42,110 per Bitcoin.
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MicroStrategy, a prominent player in the business intelligence and software industry, has reaffirmed its unwavering commitment to Bitcoin.
In a recent announcement on the X platform, Founder & Chairman Michael Saylor disclosed the acquisition of an additional 14,620 BTC at a total expenditure of $615.7 million. This strategic move coincides with a period of bullish momentum in Bitcoin's market, with its price surging to surpass $42,000.
Having initially entered the Bitcoin arena in August 2020 with a substantial investment of $250 million, MicroStrategy has consistently bolstered its Bitcoin holdings over time. This concerted effort is part of their treasury reserve strategy, which has now amassed an impressive 189,150 bitcoins valued at over $8.11 billion as of the current date.