Just a few hours ago, MicroStrategy, now Strategy Inc., spent $180.3 million on acquiring 1,895 Bitcoin to reach its total BTC balance of 555,450.
Average Purchase Price Hits K+ Per BTC
The company shows strong support for BTC acquisition while market prices remain elevated by spending $95,167 per Bitcoin on average. The total Bitcoin purchase by the company amounts to $38.08 billion through acquisitions at a combined average cost of $68,550 per BTC.
The largest corporate holder of Bitcoin doubles down.
Executive Chairman Michael Saylor leads strategy as the single largest corporate holder of Bitcoin in the world. The company made this purchase during the current Bitcoin market range between $65K and $70K, which followed the benchmark above $73K in March.
The company continues to demonstrate its strong Bitcoin investment stance through another major Bitcoin purchase despite market uncertainty from other firms.
Bitcoin is the future of corporate reserves.
Throughout his Bitcoin advocacy, Michael Saylor declared Bitcoin to be superior to cash because it operates as digital gold against inflation and currency depreciation. The business intelligence firm Strategy Inc. made a complete organizational shift to a Bitcoin-based company, which serves as a leading case for how businesses can adopt crypto.
All-In on Bitcoin’s Long-Term Potential
During the ongoing 2024 Bitcoin halving cycle, along with institutional investment entry into digital assets, Strategy Inc.’s intense buying strategy will either create significant returns or function as an experimental procedure for financial alteration.
