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MicroStrategy Prepares for More Bitcoin Purchases Ahead of New Year
As the clock ticks closer to the new year, it appears that business intelligence software company MicroStrategy is preparing to make more significant investments in the world’s most popular cryptocurrency, Bitcoin. This move comes as no surprise to industry watchers, given the company’s persistent commitment to acquiring and holding onto its massive Bitcoin reserves.
In a recent announcement, MicroStrategy revealed that it has acquired an additional 5,200 Bitcoin, bringing its total holdings to a staggering 444,262 BTC. It is imperative to note that this acquisition was made at an average price of $106,000 per Bitcoin, significantly lower than previous purchases.
It is no secret that MicroStrategy’s CEO and co-founder Michael Saylor has been steadfast in his decision to buy Bitcoin regardless of market conditions. This unyielding approach has led the company to become the largest corporate holder of the digital asset.
Source: www.crypto-news.net
