📢 #MicroStrategy Increases Bitcoin Holdings
MicroStrategy, led by Michael Saylor, has purchased an additional 11,931 bitcoins for $786 million, bringing its total holdings to 226,331 bitcoins valued at approximately $14.66 billion.
🔹 The average purchase price of MicroStrategy's bitcoin holdings is $36,798 per bitcoin. At current market prices, MicroStrategy is estimated to be in profit by around $6.33 billion.
🔹 This move has been seen as a significant endorsement of Bitcoin by a major corporate entity. Following the announcement, the company's share price (MSTR) increased by 2.3% to $1,503.
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