Microstrategy, a leading publicly traded company, has expanded its bitcoin holdings with a significant purchase. On Monday, the company’s founder, Michael Saylor, announced on X that Microstrategy had acquired 2,138 BTC for $209 million. This latest acquisition brings the company’s total bitcoin holdings to a substantial amount, solidifying its position as the largest publicly traded company to hold BTC.
Details of the Acquisition
The purchase was made at an average price of $97,837 per bitcoin, with the transaction taking place as BTC prices hovered between $92,850 and $93,150. This move marks a continuation of Microstrategy’s steady accumulation of bitcoin since 2020.
Microstrategy’s Bitcoin Holdings
With this latest acquisition, Microstrategy has reaffirmed its commitment to holding a significant amount of bitcoin. As the largest publicly traded company to hold BTC, excluding ETFs, Microstrategy’s investment strategy has been closely watched by the cryptocurrency market.
Source: News.bitcoin.com
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