MicroStrategy’s Bitcoin Bet Intensifies as Index Exclusion Looms

MicroStrategy continues to double down on its monumental cryptocurrency position, reinforcing its status as the world’s largest corporate holder of Bitcoin. However, this aggressive accumulation strategy comes at a cost, as the company faces continued exclusion from the prestigious S&P 500 index despite meeting formal eligibility requirements.

The business intelligence firm executed another significant purchase between September 2nd and 7th, acquiring 1,955 Bitcoin at a total cost of $217.4 million. This latest investment brought the average purchase price to approximately $111,196 per coin.

MicroStrategy’s treasury now holds an unprecedented 638,460 Bitcoin, valued at roughly $71 billion at current market prices. The company’s total investment in cryptocurrency amounts to approximately $47.2 billion, reflecting an average acquisition cost of $73,880 per Bitcoin. These recent purchases were... Read more...