Bitcoin

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MicroStrategy, a leading business intelligence, mobile software, and cloud-based services provider, has significantly expanded its Bitcoin portfolio. The Virginia-based company recently acquired an additional 12,333 BTC for approximately $347.0 million, at an average price of $28,136 per Bitcoin. 
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This latest acquisition solidifies MicroStrategy’s status as one of the world’s most significant corporate holders of Bitcoin. With this recent acquisition, the firm now possesses a whopping 152,333 BTC, procured for an estimated total of $4.52 billion. The average cost per Bitcoin across all acquisitions stands at around $29,668 
MicroStrategy has been upfront about its Bitcoin-centric investment strategy, led by CEO Michael Saylor. The firm began investing heavily in the cryptocurrency in 2020, believing Bitcoin to serve as both a dependable store of value and an attractive investment asset with more significant long-term appreciation potential than holding cash. 
MicroStrategy’s continued investment and growing portfolio indicate their strong belief in Bitcoin’s long-term value. This perspective counters skepticism from some quarters about the cryptocurrency’s practicality and stability, thus influencing the global conversation on digital currencies and their role in financial and investment strategies.

MicroStrategy Bolsters Bitcoin Portfolio with Additional $347 Million Investment

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