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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-boosts-bitcoin-holdings-with-821-7-million-purchase/" data-wpel-link="internal">MicroStrategy Boosts Bitcoin Holdings with $821.7 Million Purchase</a> 
A publicly traded company and one of the largest <a href="https://coin-turk.com/vitalik-buterin-de-bitcoin-btc-elestirmeninin-tarafini-tuttu" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/dusuk-islem-hacimleri-kaydeden-bitcoin-btc-kisa-vadeli-bir-konsolidasyon-donemine-mi-girdi" data-wpel-link="internal">BTC</a>) investors, MicroStrategy, announced the purchase of an additional 12,000 <a href="https://en.coin-turk.com/the-mystery-behind-the-influence-of-binance-and-sec-on-bitcoin-price-volatility/" data-wpel-link="internal">BTC</a> at an average price of $68,477 per unit, amounting to $821.7 million in cash. This latest acquisition continues the company’s investments in BTC as a strategic treasury reserve asset. 
<h2 style="text-align: justify" id="strong-bitcoin-holdings-surpass-200-000-units-strong">Bitcoin Holdings Surpass 200,000 Units</h2> 
MicroStrategy announced the purchase of approximately 12,000 BTC for $821.7 million in cash between February 26, 2024, and March 10, 2024. Prior to this latest acquisition announcement, MicroStrategy held about 193,000 BTC worth approximately $26.39 billion. With the addition of 12,000 BTC, the company’s total BTC holdings have reached approximately 205,000 units. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-325761" src="https://coin-turk.com/wp-content/uploads/2024/03/MicroStrategy-Bitcoin-BTC.jpeg" alt="" width="1280" height="720"> 
MicroStrategy’s decision to allocate a significant portion of its treasury reserves to <a href="https://en.coin-turk.com/bitcoin-etfs-maintain-market-dominance-despite-volatility/" data-wpel-link="internal">Bitcoin</a> is part of a strategy to protect against US dollar devaluation and high inflation. The company aims to preserve and potentially grow its capital in the long term by diversifying its assets into a decentralized and limited digital currency like Bitcoin. 
This latest purchase reaffirms MicroStrategy’s confidence in Bitcoin’s ability to serve as a store of value and hedge against macroeconomic uncertainties. MicroStrategy’s chairman and co-founder Michael Saylor has frequently advocated for Bitcoin as a superior form of money, offering protection against the devaluation of fiat currencies. 
<h2 style="text-align: justify" id="strong-the-long-term-value-of-the-leading-cryptocurrency-strong">The Long-Term Value of the Leading Cryptocurrency</h2> 
MicroStrategy’s aggressive accumulation of Bitcoin now positions the company as one of the largest institutional investors. The company’s continued investment in Bitcoin reflects not only its belief in the long-term value of the leading cryptocurrency but also its commitment to leading the adoption of cryptocurrencies at an institutional level. 
This move is also part of the growing trend among corporate and institutional entities adopting Bitcoin as an alternative asset class and store of value. More companies following MicroStrategy’s lead by allocating capital to Bitcoin strengthens its status as a legitimate and mainstream investment vehicle. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-boosts-bitcoin-holdings-with-821-7-million-purchase/" data-wpel-link="internal">MicroStrategy Boosts Bitcoin Holdings with $821.7 Million Purchase</a></h5>

MicroStrategy Boosts Bitcoin Holdings with $821.7 Million Purchase

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