MicroStrategy has expanded its Bitcoin holdings with the purchase of 13,627 BTC for approximately $1.25 billion. This acquisition increases the company's total Bitcoin reserves to 687,410 BTC, solidifying its position as the largest corporate holder of the cryptocurrency. The move underscores MicroStrategy's commitment to Bitcoin as a long-term asset strategy. Led by CEO Michael Saylor, MicroStrategy has been accumulating Bitcoin since August 2020, initially as a hedge against inflation. The company's Bitcoin holdings, now valued at over $30 billion, reflect a strategic bet on Bitcoin's future as a store of value. This latest purchase signals growing institutional confidence in Bitcoin, with MicroStrategy holding more than 3.2% of the total Bitcoin supply.
MicroStrategy Acquires $1.25 Billion in Bitcoin, Total Holdings Reach 687,410 BTC
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