MicroStrategy's Bitcoin Holdings Surpass 709,000 BTC
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MicroStrategy has executed another significant Bitcoin acquisition, purchasing 22,305 BTC last week at an average price of approximately $95,284 per coin. This $2.1 billion investment brings the company's total holdings to 709,715 BTC, solidifying its position as the largest corporate holder of Bitcoin globally. The purchase demonstrates continued institutional confidence in Bitcoin as a long-term store of value, despite recent market volatility.
This strategic accumulation represents a notable milestone, crossing the 700,000 BTC threshold and reinforcing Michael Saylor's conviction in Bitcoin's scarcity proposition. The timing of this acquisition, executed near current market levels, suggests institutional buyers remain active participants during price consolidation phases. Such substantial corporate buying activity typically provides underlying support for Bitcoin's valuation and signals ongoing institutional adoption.
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