Business intelligence firm MicroStrategy has expanded its Bitcoin holdings with the recent acquisition of 6,220 BTC.
The purchase occurred between July 14 and July 20, at an average price of $118,940 per Bitcoin, totaling $739.8 million.
This significant investment continues the company’s established strategy of accumulating Bitcoin as a primary treasury reserve asset targeting long-term value appreciation. MicroStrategy holds substantially more Bitcoin than any other publicly traded company globally.
The purchase demonstrates ongoing institutional commitment to the cryptocurrency despite prevailing market fluctuations.