MicroStrategy Buys Additional 3,000 BTC

Microstrategy banner and latest bitcoin acquisition

MicroStrategy, a prominent player in the business intelligence sector, has recently bolstered its Bitcoin holdings with the acquisition of an additional 3,000 BTC. This move, announced by MicroStrategy founder Michael Saylor on Twitter, underscores the company’s continued confidence in the long-term potential of Bitcoin. With this latest purchase, MicroStrategy now holds a total of 193,000 BTC, acquired at an average price of $51,813 per Bitcoin. This development not only solidifies MicroStrategy’s position as a leading corporate Bitcoin holder but also signals its ongoing commitment to cryptocurrency as a store of value and long-term investment.

Confidence in the Potentials of BTC

Business intelligence giant MicroStrategy has further solidified its position as a leading corporate Bitcoin holder with its latest acquisition of 3000 bitcoins.

MicroStrategy purchased 3,000 additional Bitcoin (BTC) for approximately $155 million. The average price paid per Bitcoin was $51,813. This brings MicroStrategy’s total Bitcoin holdings to 193,000 BTC, acquired for a total of $6.09 billion at an average price of $51,813 per BTC.

The news was announced via Twitter by MicroStrategy founder Michael Saylor on February 26, 2024. This latest purchase adds to a series of Bitcoin acquisitions made by MicroStrategy throughout 2023 and early 2024, demonstrating their continued confidence in the long-term potential of the cryptocurrency.

Total Acquisition Value Equals $6.09 billion

MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin. As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR https://t.co/micudbYf3P

— Michael Saylor⚡️ (@saylor) February 26, 2024

MicroStrategy’s significant and consistent investment in Bitcoin has garnered significant attention within the financial and cryptocurrency communities. This latest acquisition further strengthens their commitment to the asset and potentially influences the broader market perception of Bitcoin as a viable store of value and long-term investment

Author: Candace

Candace loves the arts. She holds some bitcoins.