MicroStrategy Doubles Down on Bitcoin with $27.2 Million Purchase

Leading cryptocurrency company MicroStrategy announced a significant Bitcoin purchase on October 13th, adding 220 Bitcoins for approximately $27.2 million. This brings their total holdings to a staggering 640,250 BTC, with a total investment of $47.38 billion and an average cost per Bitcoin of $74,000. The company’s ongoing ATM program remains well-funded, standing at $46.25 billion with substantial remaining capacity.