Summary
MicroStrategy, a leading business intelligence and software company, has purchased an additional 850 BTC for $37.2 million, marking the largest quarterly increase in their Bitcoin holdings in the past 3 years. The company now holds 190,000 bitcoins worth over $8.2 billion. MicroStrategy has been consistently adding to its Bitcoin holdings since August 2020 and has developed a treasury reserve strategy. The company plans to continue its aggressive Bitcoin investment strategy.
Key Points
1. MicroStrategy has purchased an additional 850 BTC at a cost of $37.2 million, marking the largest quarterly increase in bitcoin holdings in the last 3 years.
2. The company now holds a total of 190,000 bitcoins, worth over $8.2 billion at the time of writing, as part of their treasury reserve strategy.
3. MicroStrategy’s CEO highlights their commitment to technology innovation and believes that their operating structure, bitcoin strategy, and focus on innovation create a unique opportunity for value creation for shareholders.