MicroStrategy Acquires $55.8 Billion in Bitcoin, Expanding Institutional Holding

MicroStrategy has made a significant move by acquiring 650,000 Bitcoin worth approximately $55.8 billion. This substantial purchase significantly boosts their holdings and solidifies MicroStrategy’s position as a leading institutional investor in Bitcoin. As Michael Saylor, the company’s founder and former CEO, emphasizes, this strategic investment is aimed at long-term value maximization. 650,000 Bitcoins represent one of the largest private Bitcoin reserves globally.