MicroStrategy CEO Michael Saylor announced on Friday that the company has acquired an additional 18,300 BTC for $1.11 billion at $60,408 per Bitcoin.
MicroStrategy announced its latest acquisition of 18,300 Bitcoin tokens for $1.11 billion. This brings its total holdings to 244,800 BTC, worth $14 billion. MicroStrategy made the acquisition by selling a portion of its shares. The company now holds 244,800 BTC, valued at $14 billion. MicroStrategy acquires more Bitcoin Business intelligence firm MicroStrategy revealed its latest acquisition of 18,300 Bitcoin in an X post on Friday.
The company has aggressively acquired the digital asset over the past four years, based on Michael Saylor's opinion that Bitcoin serves as a store of value and a hedge against inflation. MicroStrategy's latest acquisition was sponsored by funds raised through selling its shares. The details of the purchase, including the fees and exchanges, were outlined in a form-8K filing made to the Securities & Exchange Commission .
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