MicroStrategy Expands Bitcoin Holdings with $37 Million Purchase
Business intelligence firm MicroStrategy has further solidified its position as the largest corporate holder of Bitcoin (BTC) by adding to its already substantial holdings. The company recently purchased an additional 850 BTC for approximately $37 million in January, according to MicroStrategy founder Michael Saylor. This latest acquisition brings MicroStrategy’s total Bitcoin holdings to 190,000 BTC, which were acquired at a total cost of $5.93 billion. MicroStrategy’s president and CEO, Phong Le, confirmed the company’s status as the world’s largest corporate Bitcoin holder during an earnings call.
MicroStrategy’s Commitment to Bitcoin Network Development
During the earnings call, Saylor emphasized MicroStrategy’s dedication to supporting the Bitcoin network and benefiting its shareholders. He stated that the company sees itself as a Bitcoin development company and will continue to acquire more Bitcoin to grow the network. Saylor outlined four main areas where MicroStrategy will focus its efforts to achieve these goals.
Bitcoin Trading Price
At the time of writing, Bitcoin is trading at $44,509, reflecting a 3.08% gain in the last 24 hours.
Hot Take: MicroStrategy Continues to Lead in Corporate Bitcoin Holdings
MicroStrategy’s recent purchase of an additional 850 BTC for $37 million further solidifies its position as the largest corporate holder of Bitcoin worldwide. With a total of 190,000 BTC acquired at a cost of $5.93 billion, MicroStrategy remains committed to supporting the growth and development of the Bitcoin network. The company sees itself as a Bitcoin development company and will continue to acquire more Bitcoin while benefiting its shareholders. As institutional adoption of Bitcoin grows, MicroStrategy continues to lead the way as a major player in the crypto market.
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