MicroStrategy Doubles Down on Bitcoin with Latest $217 Million Purchase

MicroStrategy has once again executed its core business strategy: acquiring more Bitcoin. The enterprise software firm purchased an additional 1,955 BTC between September 2nd and 7th, spending approximately $217 million. Chairman Michael Saylor continues to champion this aggressive approach, funding the latest acquisition entirely through the sale of company stock while predicting Bitcoin could reach $150,000 by year’s end.

The company’s latest move reinforces its position as the largest corporate holder of Bitcoin. MicroStrategy paid an average of $111,196 per Bitcoin in its most recent purchase, bringing its total holdings to 638,460 BTC. With a total value exceeding $47 billion, the company now controls approximately three percent of all Bitcoin in circulation.

MicroStrategy’s average purchase price stands at $73,880 per Bitcoin. With current prices... Read more...