MicroStrategy Doubles Down on Bitcoin with Latest Purchase – Key Insights
MicroStrategy has purchased an additional *11,931 BTC* for ~$786 million, reaffirming its commitment to Bitcoin as a treasury reserve asset. The company now holds *226,331 BTC*—worth over $15 billion at current prices—acquired at an average cost of ~$36,798 per coin.
Michael Saylor’s strategy highlights Bitcoin’s role as a long-term store of value amid inflation and currency debasement. With ETFs driving institutional demand and the 2024 halving ahead, MicroStrategy’s aggressive accumulation could position it as one of Bitcoin’s largest corporate holders.
For investors, this underscores Bitcoin’s growing legitimacy as a corporate reserve asset. A bold, high-conviction move worth monitoring. #SaylorBTCPurchase