MicroStrategy Inc. has purchased 6,220 Bitcoin between July 14 and July 20, further expanding its corporate cryptocurrency holdings.
The acquisitions were executed at an average price of $118,940 per Bitcoin, resulting in a total expenditure of approximately $739.8 million. This marks one of the largest single-week corporate Bitcoin purchases since the company initiated its treasury reserve strategy in August 2020.
As a leading publicly traded holder of Bitcoin, MicroStrategy maintains its commitment to incorporating the digital asset into its balance sheet, reinforcing institutional interest in cryptocurrency as a long-term asset class.