MicroStrategy, a software development firm, has once again increased its substantial Bitcoin holdings. In a disclosure on Monday, the company revealed that it purchased an additional $2.1 billion worth of Bitcoin in its fifth consecutive weekly buy. The firm acquired 21,550 BTC, valued at $2.1 billion, with an average purchase price of $98,783.
Founder and Executive Chairman Michael Saylor made the announcement on X (formerly Twitter). This brings MicroStrategy’s total Bitcoin holdings to 423,650 BTC, with a current value of almost $42 billion, and an average price of $60,324 per Bitcoin. Editor’s note: This story is still developing and will be updated with more information.
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