MicroStrategy, the business intelligence firm led by prominent Bitcoin advocate Michael Saylor, is rapidly approaching a significant milestone of holding 600,000 Bitcoin. The company’s latest disclosures reveal holdings of 597,325 BTC, valued at over $64.5 billion at current prices.
This positions MicroStrategy just 2,675 BTC short of the 600,000 mark. The company has demonstrated unwavering commitment to its Bitcoin strategy, executing 12 consecutive weeks of purchases. The most recent addition was a substantial 4,980 BTC, acquired for approximately $531 million.
This consistent buying pattern, maintained despite ongoing market volatility, underscores MicroStrategy’s strong long-term conviction in Bitcoin as a primary treasury reserve asset. The strategy reflects significant institutional confidence in the cryptocurrency’s value proposition.
While potential legal scrutiny has been noted, no official statement from the company has addressed these specific allegations. Bitcoin’s current market price hovers around $108,675, remaining close to its all-time high of $111,970.