According to a post by MicroStrategy founder Michael Saylor on X, the company announced on Monday that it has purchased Bitcoin again, this time acquiring 5,262 BTC with a budget of less than $1 billion. This acquisition is more conservative compared to past large-scale purchases, buying at an average price of $106,662 per coin, which falls within the high point before the Bitcoin pullback, having a relatively minor impact on the position.
The company's current Bitcoin holdings have reached 444,262 BTC, most of which were purchased before the recent decline in Bitcoin prices. To date, MicroStrategy has spent a total of $27.7 billion on Bitcoin, and its current value has increased to $42.6 billion. Even though Bitcoin prices have recently declined, the profits remain astonishing, with a cumulative increase of 54%.
Another Japanese company, Metaplanet, has also expressed confidence, announcing this week through a press release that it has purchased nearly 620 BTC, setting its record for the largest single purchase. This transaction was financed through the issuance of zero-interest bonds, with approximately $60.6 million in funds raised to be invested in Bitcoin, bringing its total holdings to 1,762 BTC, with a total Bitcoin value of approximately $168 million, driving its stock price to continue rising.
