Microstrategy has continued its aggressive Bitcoin accumulation strategy, purchasing an additional 11,931 BTC for ~$786.0 million. This brings their total Bitcoin holdings to 226,331 BTC, further solidifying their position as one of the largest corporate holders of Bitcoin.
The news comes shortly after Microstrategy completed an $800 million convertible note offering, which many speculated would be used to fund additional Bitcoin purchases.
Microstrategy's founder, Michael Saylor, is a well-known Bitcoin bull and has been a vocal advocate for companies to add Bitcoin to their treasuries.Bullish signal for Bitcoin?
This latest move by Microstrategy is sure to be seen as a bullish signal for Bitcoin by many investors. It suggests that large institutions are increasingly interested in Bitcoin as a long-term investment.
