🚀 MicroStrategy's Bitcoin Binge Continues! 🚀
MicroStrategy, the leading bitcoin development company, has upped its crypto game, buying 2,138 BTC for $209 million, marking its eighth consecutive week of bitcoin purchases. This brings their total stash to a whopping 446,400 BTC! 💰
Executive Chairman Michael Saylor shared the news on X, highlighting an average purchase price of $97,837 per bitcoin. The acquisition was funded through share sales, with $6.88 billion still available in their ATM program.
MicroStrategy recently joined the Nasdaq 100, ranking 57th. Despite this, their share price is down 40% from its peak. What are your thoughts on their bold strategy? Share in the comments!