MicroStrategy, a number one software program and enterprise intelligence firm, continued its steadfast dedication to Bitcoin by buying an extra 155 BTC at a complete value of $5.3 million, founder and chairman. Michael Saylor announcement In the present day. The acquisition got here as the value of Bitcoin was experiencing upward momentum, reaching a current yearly excessive of $35,000.
The corporate first entered the Bitcoin market in August 2020, making a major preliminary funding of $250 million in BTC. Since then, they’ve steadily elevated their Bitcoin holdings, making a money reserve technique that has raised over 158,400 bitcoins price over $5.4 billion on the time of writing. . The corporate has acquired 6,067 bitcoins because the finish of the second quarter for $167 million.
“We additional elevated our whole bitcoin holdings to 158,400 bitcoins, an extra 6,067 bitcoins because the finish of the second quarter,” stated Andrew Kang, CFO of MicroStrategy. “Our dedication to buying and holding Bitcoin stays sturdy, particularly in opposition to the promising backdrop of doable elevated institutional adoption.”
With the fourth Bitcoin halving quickly approaching and the SEC’s first one-time Bitcoin ETF approval seemingly imminent, MicroStrategy is constant its aggressive Bitcoin funding technique with no indicators of slowing down.