Under the leadership of CEO Michael Saylor, MicroStrategy continues to aggressively expand its Bitcoin investments. The company has purchased 15,350 Bitcoin for approximately $1.5 billion, bringing its total Bitcoin holdings to an impressive 439,000 BTC. This new acquisition pushes the value of MicroStrategy’s Bitcoin portfolio to about $14.7 billion, further cementing its position as a major player in the cryptocurrency market.
Saylor, a staunch believer in Bitcoin as digital gold, has reiterated his long-term bullish outlook on the cryptocurrency. The recent purchase reflects his commitment to the asset, with Bitcoin being acquired at an estimated average price of around $98,000 per Bitcoin, slightly higher than their previous acquisitions, which were made around $97,000 each. Despite fluctuations in Bitcoin prices, MicroStrategy’s strategy remains steadfast, signaling confidence in the asset’s future value.
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