MicroStrategy, a publicly traded business intelligence and software company, recently disclosed the purchase of about 18,300 Bitcoin between Aug. 6 and Sept. 12. The acquisition, valued at $1.11 billion, was made at an average price of $60,408 per Bitcoin, including expenses. Led by CEO Michael Saylor, the firm has been steadily increasing its BTC holdings since its initial purchase in August 2020. With the latest acquisition, MicroStrategy now holds approximately 244,800 BTC, worth around $14.14 billion. The company's approach has garnered both praise and debate from financial analysts, but it remains committed to acquiring more BTC. The funds for the recent purchase were raised through the sale of company shares, resulting in a capital of $1.11 billion by Sept. 12. MicroStrategy's aggressive strategy has proven successful, with its MSTR stock value increasing by 1,000% since August 2020, outperforming the S&P 500 index. Read more AI-generated news on: https://app.chaingpt.org/news

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