Strategy Acquires Massive Bitcoin Holdings, Fueling Institutional Investment

MicroStrategy, formerly known as Strategy, has made significant strides in its Bitcoin strategy. The company recently acquired an additional 13,390 bitcoins between May 5-11 at an average price of $99,856, adding a staggering $1.34 billion to its reserves. This purchase brings MicroStrategy’s total Bitcoin holdings to 568,840 BTC, valued at over $59 billion. Despite the average acquisition cost remaining at $69,287, paper gains stand at $20 billion. This massive purchase positions MicroStrategy as a significant player with approximately 2.7% of the total Bitcoin supply.