MicroStrategy Buys $18.8 Million Worth of BTC, Total Holdings Rise to 640,418

In a move that underlines its steadfast commitment to Bitcoin, technology company MicroStrategy just acquired 168 bitcoins for approximately $18.8 million. This latest purchase brings the company’s total holdings to 640,418 BTC, cementing its position as one of the largest publicly traded corporate holders of Bitcoin. The acquisition continues a strategy that has seen MicroStrategy steadily increase its Bitcoin holdings since 2020, and it is expected to have a further impact on market perceptions.