news.bitcoin.com
Microstrategy, a leading business intelligence firm, has added 2,530 bitcoin (BTC) to its holdings, bringing its total to 450,000 BTC. The purchase, valued at approximately $243 million, was announced by Michael Saylor, Microstrategy’s executive chairman, on the social media platform X.
Microstrategy’s Bitcoin Holdings Now Worth Over $28 Billion
The latest acquisition, made at an average price of $95,972 per bitcoin, is part of Microstrategy’s ongoing strategy to accumulate bitcoin. Since the company began purchasing BTC in 2020, it has spent a total of $28.2 billion, equating to an average purchase price of $62,691 per bitcoin.
This year, the company has reported a year-to-date bitcoin yield of 0.32 percent, underscoring its long-term investment approach. Microstrategy has remained a prominent institutional advocate for bitcoin, often citing the cryptocurrency as a hedge against inflation and a store of value.
Michael Saylor, a vocal proponent of bitcoin, has been instrumental in shaping Microstrategy’s acquisition strategy. The company’s holdings represent a significant portion of the total bitcoin supply, signaling continued confidence in the asset despite market volatility.
With this latest purchase, Microstrategy aims to cement its position as the largest corporate holder of bitcoin. The announcement comes as interest in institutional bitcoin adoption continues to grow.