Stash Grows: Micro-Acquisition Boosts Bitcoin Holdings for Michael Saylor’s Company

Michael Saylor’s company, known as MicroStrategy, has made another strategic addition to its Bitcoin holdings with a relatively modest purchase. The latest acquisition brings the total amount of Bitcoin held by the company close to 581,000 BTC, showcasing continued commitment to Bitcoin investment. 705 BTC were recently acquired at an average price of $106,495 per bitcoin for a sum of $75.1 million. This latest acquisition contributes to MicroStrategy’s substantial Bitcoin holdings, which now stand at approximately $40.68 billion. The total value of these holdings is well above $60 billion, based on current market prices, representing an estimated paper gain of around $40 billion.