HomeBITCOINMicroStrategy Purchases 155 Bitcoin for $5.3 Million to Boost Holdings

MicroStrategy Purchases 155 Bitcoin for $5.3 Million to Boost Holdings

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MicroStrategy, a leading business intelligence and software company, has made another purchase of 155 BTC for $5.3 million, according to Founder & Chairman Michael Saylor. This comes as the price of Bitcoin has been rising, reaching a yearly high of $35,000.

In August 2020, the company made an initial investment of $250 million in BTC and has since been consistently adding to their Bitcoin holdings. They now hold over 158,400 bitcoin, worth more than $5.4 billion. Since the end of Q2, MicroStrategy has acquired 6,067 bitcoin for $167 million.

MicroStrategy CFO Andrew Kang stated, “Our commitment to acquire and hold bitcoin remains strong, especially with the promising backdrop of potential increased institutional adoption.”

With the Bitcoin halving approaching and the possibility of the SEC approving the first spot Bitcoin ETF, MicroStrategy shows no signs of slowing down their aggressive investment strategy in Bitcoin.

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