MicroStrategy recently acquired an additional 15 BTC, bringing its total to approximately 105,085 bitcoins, valued at nearly $2.7 billion, between the end of April and June 19, at an average price of $65,883, costing approximately $780 million. This additional purchase further strengthens MicroStrategy’s commitment to Bitcoin.
Currently, MicroStrategy owns about 1% of all BTC, making it the largest publicly traded corporate holder. The company has invested approximately $8.33 billion, with an average acquisition price of $36,798 per token.
CEO Michael Saylor views Bitcoin as a hedge against inflation and a store of value, which has driven the company’s continuous investments. Despite a recent 8% decline, MicroStrategy’s shares have increased by over 345% in the past year, reflecting the volatility of the crypto market.
MicroStrategy’s strategy has inspired other companies, such as DeFi Technologies and Semler Scientific in the US, and Metaplanet in Japan, to adopt similar strategies for exposure to Bitcoin.
