MicroStrategy, a leading business intelligence company, has recently announced the acquisition of 11,931 BTC, valued at approximately $786 million. This significant purchase follows their recent offering of Convertible Senior Notes to investors. This acquisition marks MicroStrategy's third-largest, surpassed only by their purchases on February 24, 2021, and March 10, 2024.

With this latest addition, MicroStrategy's total bitcoin holdings now stand at 226,331 BTC, further cementing their position as one of the largest whales in the bitcoin market. The company's unrealized profits currently stand at an impressive $6.3 billion.

This bullish move by MicroStrategy demonstrates the continued interest and confidence in the potential of Bitcoin. It also highlights the growing trend among corporations to diversify their portfolios with cryptocurrency assets. For more details and to track MicroStrategy's metrics, visit the CryptoQuant Dashboard.