MicroStrategy has significantly increased its Bitcoin holdings with the recent acquisition of 51,780 Bitcoin for approximately $4.6 billion, bringing its total Bitcoin stash to 331,200 BTC. Michael Saylor, the Executive Chairman, announced that the firm's total Bitcoin investments now amount to around $16.5 billion but have surged in value to nearly $29.65 billion due to recent price increases. The latest purchase was made at an average price of $88,627 per Bitcoin, coinciding with a broader market rally that has seen Bitcoin's price rise to approximately $90,765. This acquisition represents a notable contribution to the global Bitcoin ETP inflows. Saylor has maintained bullish predictions on Bitcoin, aiming for exponential growth over the coming years, and his company has become synonymous with Bitcoin investment since its shift towards cryptocurrency in 2020.

Source 🔗