MicroStrategy Buys 1045 BTC for $29.3 Million: Deep Dive

In MicroStrategy news today, the company has once again reaffirmed its commitment to Bitcoin, announcing the purchase of an additional 1,045 bitcoin acquired for $29.3 million. This strategic acquisition further solidifies MicroStrategy's position as the world's largest corporate holder of the cryptocurrency.

According to a Form 8-K filing with the Securities and Exchange Commission (SEC), MicroStrategy now holds a staggering 140,000 BTC. This latest purchase, detailed in the filing, shows that MicroStrategy and its subsidiaries added 1,045 bitcoins between Ma, and Ap, for roughly $29.3 million in cash.

The Bitcoin was acquired between March and April. Today’s announcement states that MicroStrategy, along with its affiliates, acquired approximately 1,045 Bitcoins for approximately $29.3 million in cash between Ma and Ap. This move follows closely on the heels of a previous acquisition, as documents show the company recently bought another 1,045 BTC for $29.3million, days after purchasing 6,455.

MicroStrategy is the world’s largest public holder of Bitcoin and continues to demonstrate its strong conviction in the long-term value of Bitcoin as a digital asset. The company purchased an additional 1,045 BTC for $29.3, showcasing its ongoing strategy of accumulating Bitcoin as a treasury reserve asset.