MicroStrategy Doubles Bitcoin Holdings with $427M Purchase

MicroStrategy, the data analytics firm led by CEO Michael Saylor, has significantly boosted its Bitcoin holdings with a recent $427 million purchase. The company acquired 4,020 bitcoins at an average price of $106,237 per bitcoin, bringing their total Bitcoin reserves to 580,250 units and a value of nearly $40.6 billion. This latest acquisition solidifies MicroStrategy’s standing as the leading corporate Bitcoin holder.