finbold.com
MicroStrategy (NASDAQ: MSTR), the enterprise software company turned Bitcoin (BTC) proxy, has extended its Bitcoin buying spree to 11th consecutive week, adding 11,000 BTC worth $1.1 billion to its portfolio.
This latest acquisition, executed at an average price of $101,191 per Bitcoin, brings the firm’s total Bitcoin holdings to 461,000 BTC, valued at $48 billion at current market prices.
With a cumulative investment of approximately $29 billion and an average acquisition cost of $63,610 per BTC, MicroStrategy now controls over 2% of Bitcoin’s finite supply.
Meanwhile, MSTR is trading at $386.44, down 0.09% on the day, reflecting the broader market’s reaction to Bitcoin’s volatility and lingering concerns over the potential dilution of shareholder value.
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