MicroStrategy continues to expand its cryptocurrency assets by purchasing Bitcoin for the fourth consecutive week. As a result, the company's total coins have reached 402,100 BTC, which constitutes more than 1.2% of the entire Bitcoin supply.
New Bitcoin Acquisitions
The company announced the purchase of 15,400 BTC for $1.5 billion at an average price of $95,976 per coin. The total number of coins on the company's books now stands at 402,100 BTC, which accounts for more than 1.2% of the total Bitcoin supply.
MicroStrategy's Strategies
MicroStrategy is committed to increasing its Bitcoin reserves, as evidenced by its purchases in recent weeks. The company has spent $23.4 billion on these coins, averaging $58,263 per coin. Co-founder Michael Saylor also confirmed this acquisition in an X post.
Bitcoin Market and Its Forecasts
Bitcoin continues to consolidate following the latest news, reaching a local high of $99,000. Companies like MicroStrategy's plans may have a positive impact on the future of the leading cryptocurrency.
MicroStrategy's acquisitions reflect a growing interest among major companies in Bitcoin as a strategic asset. These actions could influence the future development of the cryptocurrency market and its leading players.
