MicroStrategy Acquires $555 Million Worth of Bitcoin

MicroStrategy, led by CEO Michael Saylor, has increased its Bitcoin holdings significantly. The company recently purchased 6,556 Bitcoins for an estimated $555 million. This acquisition aligns with MicroStrategy’s long-standing strategy to incorporate Bitcoin as a core part of its treasury holdings. 6,556 Bitcoins bought by Microstrategy further strengthens market confidence in the cryptocurrency.