MicroStrategy continues its aggressive Bitcoin acquisition strategy under Michael Saylor, increasing its holdings to over 331,200 BTC.
In its latest move, the company purchased 51,780 BTC for $4.6 billion at an average price of $88,627 per coin, just shy of Bitcoin’s all-time high of $93,477.
This brings MicroStrategy’s total Bitcoin spending to $16.5 billion, with over $13 billion in unrealized profits from its crypto holdings. Since adopting its Bitcoin strategy in 2020, MicroStrategy has become the largest corporate BTC holder, with a total stash valued at nearly $30 billion.
The company plans to raise $42 billion through loans, debt, and equity sales over the next three years to further expand its Bitcoin holdings.
MicroStrategy’s approach has inspired other firms, including Semler Scientific, Genius Group, Thumzup Media, and Tokyo-based Metaplanet, to adopt Bitcoin as part of their corporate treasury strategies, reflecting growing institutional interest in the cryptocurrency.
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