MicroStrategy Adds Another 130 Bitcoin to Holdings; Shares Plummet

Michael Saylor’s MicroStrategy (now Strategy) has significantly bolstered its Bitcoin holdings by purchasing an additional 130 BTC worth $11.7 million. This brings the company’s total Bitcoin reserves to a staggering 650,000 BTC, continuing their aggressive approach toward accumulating digital currency. 83% of this latest acquisition was financed via proceeds from MSTR stock sales made at-the-market (ATM). The announcement comes after the company established a $1.44 billion USD reserve to support dividend payments. This move has impacted MSTR stock, which saw a decline of over 4%. Notably, the Bitcoin price dipped below $85,000 again.