MicroStrategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, has acquired an additional 245 Bitcoin (BTC) for approximately $26 million dollars. The strategic acquisition, executed at an average price of $105,856 per BTC, underscores the company’s continued commitment to accumulating the leading cryptocurrency.
This latest purchase significantly expands MicroStrategy’s already substantial Bitcoin portfolio. The company now holds a total of 592,345 BTC, acquired at an aggregate cost of approximately $41.87 billion. The firm’s average purchase price per Bitcoin across its entire holdings stands at about $70,681.
The accumulation strategy aligns with Bitcoin’s positive performance trajectory this year, which has yielded a notable 19.2% return for investors. MicroStrategy’s consistent investment reinforces its view of Bitcoin as a premier treasury reserve asset amidst a backdrop of favorable digital asset market conditions.