Business intelligence firm MicroStrategy significantly increased its holdings of Bitcoin this month, purchasing 4,225 Bitcoins.
The acquisition occurred over a recent week-long period, with the company spending a total of $472.5 million.
MicroStrategy paid an average price of $111,827 per Bitcoin during this strategic investment phase.
With this latest purchase, the company solidifies its position as a major corporate holder of the cryptocurrency. The move underscores MicroStrategy’s ongoing commitment to its treasury reserve strategy focused on Bitcoin.
MicroStrategy views Bitcoin as a dependable store of value and a hedge against inflation, consistently allocating significant corporate capital to acquire the digital asset over recent years.
This investment further expands the firm’s already substantial Bitcoin reserves.