Business intelligence firm MicroStrategy has significantly expanded its Bitcoin holdings with the acquisition of 4,980 Bitcoins.
The purchase, executed between June 23 and June 29, involved a total investment of $531.9 million.
MicroStrategy secured the Bitcoins at an average price of $106,801 per coin.
This latest acquisition continues the company’s established strategy of accumulating Bitcoin as a primary treasury reserve asset.
The purchase further solidifies MicroStrategy’s position as the largest publicly traded corporate holder of Bitcoin globally.