Previously critical of Bitcoin, Michael Saylor, the CEO of MicroStrategy, has now become a strong supporter of cryptocurrencies. Since 2021, MicroStrategy has been consistently adding to its Bitcoin holdings. In the latest update, Michael Saylor announced a recent purchase of 122 BTC, bringing the company's total reserve to 214,400 BTC.

The recent acquisition of 122 BTC cost MicroStrategy $7.8 million. The company has been steadily accumulating Bitcoin, even during challenging market conditions. In summary, some key points from the announcement include:

• MicroStrategy acquired 25,250 Bitcoins in the fourth quarter, spending $1.65 billion at an average of $65,232 per Bitcoin.
• As of April 26, the company now holds 214,400 BTC with an average purchase price of $35,180 per Bitcoin.
• Total revenues decreased by 5% year-over-year to $115.2 million.
• Subscription Services Revenue increased by 22% year-over-year to $23.0 million.

Following the announcement, the price of Bitcoin surged past $63,000 once again. For further details, you can find the original post on COINTURK NEWS: MicroStrategy Continues to Expand Its Bitcoin Holdings.