- MicroStrategy bought an additional 3,000 Bitcoin for $155 million, bringing its total holdings to 193,000 BTC acquired at an average price of $31,544 per coin.
- This latest purchase continues MicroStrategy’s ongoing Bitcoin shopping spree led by CEO Michael Saylor, who is a vocal Bitcoin advocate.
- MicroStrategy’s total investment in Bitcoin now exceeds $6 billion, with its holdings valued at over $10 billion, as the firm keeps stacking more BTC.
MicroStrategy, led by Bitcoin advocate Michael Saylor, has purchased another 3,000 Bitcoin worth $155 million. This brings the firm’s total holdings to 193,000 BTC acquired at an average price of $31,544 per coin.
MicroStrategy’s Ongoing Bitcoin Shopping Spree
On February 26th, Saylor announced the purchase of 3,000 additional Bitcoin for $155 million. The Bitcoin was acquired at an average price of $51,813 per coin.
This latest acquisition brings MicroStrategy’s total Bitcoin holdings to 193,000 BTC purchased for $6.09 billion in total, with an average price of $31,544 per Bitcoin.
Prior to this purchase, MicroStrategy’s Bitcoin holdings were already valued at over $10 billion. As the firm continues stacking more BTC, this figure is set to increase substantially.
Michael Saylor’s Bitcoin Enthusiasm
Saylor has been vocal about his belief that Bitcoin is superior to other asset classes and his plans to keep buying no matter the price.
Recently, he referred to Bitcoin as MicroStrategy’s “exit strategy“, suggesting he has no intentions of slowing down Bitcoin purchases for the firm anytime soon.
Saylor’s relentless advocacy has made MicroStrategy one of the largest corporate holders of Bitcoin as the asset continues gaining prominence in 2024.
