MicroStrategy Expands Bitcoin Holdings with $1.1 Billion Purchase

MicroStrategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, has once again increased its Bitcoin holdings. The company announced the purchase of an additional 11,000 BTC for $1.1 billion, acquiring each Bitcoin at an average price of $101,191.

Key Highlights:

Total Bitcoin Holdings: MicroStrategy now owns 461,000 BTC, solidifying its position as the largest corporate holder of Bitcoin.

Total Investment: The company has spent approximately $29.3 billion on Bitcoin acquisitions, with an average cost of $63,610 per BTC.

This latest acquisition reinforces MicroStrategy’s aggressive Bitcoin strategy, positioning the company as a leading institutional investor in digital assets. Under Saylor’s leadership, MicroStrategy continues to advocate for Bitcoin as a long-term store of value, despite market volatility.

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