MicroStrategy Doubles Down on Bitcoin with $427 Million Purchase

MicroStrategy, now rebranded as Strategy, has once again shown its unwavering commitment to Bitcoin, adding another massive chunk of cryptocurrency to its already impressive holdings. This purchase follows a streak of successful acquisitions over the past seven weeks. 4,020 BTC worth approximately $427 million were acquired at an average price of $106,237 per coin, bringing their total Bitcoin reserve to 580,250 BTC. The company’s bold strategy has garnered significant attention from analysts and investors alike.