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  • Writer's pictureConsulting24

MicroStrategy Purchases Additional 5,445 Bitcoin, total holdings to 158,245 BTC

MicroStrategy, a renowned American software company specializing in business intelligence, mobile software, and cloud-based services, has notably augmented its Bitcoin portfolio. This marks yet another significant endorsement of cryptocurrency from the corporate sector, signaling increased confidence in digital assets as a viable investment.

According to a tweet by Michael Saylor, the CEO of MicroStrategy, the company has procured an additional 5,445 BTC, approximating a total of $147.3 million, at an average price of $27,053 per Bitcoin, as of September 24, 2023. This strategic acquisition brings MicroStrategy’s total holdings to 158,245 BTC, acquired for approximately $4.68 billion, at an average price of $29,582 per Bitcoin.

MicroStrategy and Michael Saylor
MicroStrategy and Michael Saylor

(Check original announcement: Twitter)

MicroStrategy: A Forerunner in Corporate Bitcoin Investment

MicroStrategy, founded in 1989, has been a trailblazer in leveraging innovative technologies to offer advanced software solutions. The firm has been ardently active in the cryptocurrency domain, being one of the first major corporations to invest extensively in Bitcoin. Their consistent and substantial investments in Bitcoin underscore their belief in the long-term value and potential of cryptocurrencies, making them a pivotal player in the blockchain industry.

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