Strategy Bank Invests Heavily in Bitcoin: A Deep Dive into their Strategy

Microstrategy has made headlines with its significant investment in Bitcoin, acquiring a whopping 13,390 bitcoins between May 5th and 11th. This purchase adds an impressive $1.34 billion to the firm’s holdings, bringing their total Bitcoin ownership to 568,840 BTC, valued at over $59 billion. The company’s average acquisition cost of $69,287 yields paper gains nearing $20 billion, demonstrating a strategic move towards the cryptocurrency market.