MicroStrategy has executed yet another strategic acquisition of Bitcoin, adding approximately 27,200 coins to its holdings. The purchase was made at a significant investment of roughly $2.03 billion in cash, which averages to about $74,463 per Bitcoin.
This move is part of the company’s ongoing efforts to augment its cryptocurrency portfolio, reflecting its bullish stance on Bitcoin as a store of value and a hedge against inflation.
MicroStrategy's acquisition further solidifies its position as one of the largest corporate holders of Bitcoin, demonstrating continued confidence in cryptocurrency investments.
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