Strategy Acquires $427 Million in Bitcoin, Boosting Holdings to $40.61 Billion

MicroStrategy has purchased an additional 4,020 bitcoins for approximately $427 million at an average price of $106,237 per bitcoin, boosting their total holdings to 580,250 BTC worth $40.61 billion. The company, known for its Bitcoin investment strategy, has continued to accumulate bitcoin even amidst price fluctuations, utilizing a dollar-cost averaging approach. This latest purchase follows other strategic acquisitions in April and May, all showcasing positive returns.