MSTR Acquires $50 Million More Bitcoin Amid Market Rebound

MicroStrategy, the world’s largest corporate Bitcoin holder, has made a strategic investment in crypto by purchasing an additional $50 million worth of Bitcoin. The company acquired 487 BTC at an average price of $102,557 per coin, bringing their total holdings to 641,692 BTC and increasing the value of their portfolio beyond $68 billion. This acquisition follows a trend of increased Bitcoin prices following recent market optimism surrounding the potential end of the U.S. government shutdown.