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MicroStrategy Increases Bitcoin Reserves

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2 hours ago

MicroStrategy, a leader in institutional Bitcoin investments under Michael Saylor, has announced a significant BTC purchase.

Massive Bitcoin Acquisition

In the past, MicroStrategy acquired approximately 51,780 BTC for $4.6 billion. This purchase is among the largest on the market, adding excitement around the Bitcoin price.

MicroStrategy purchased 51,780 BTC for approximately $4.6 billion.Michael Saylor

Company's Financial Strategy

The average cost of acquisition was $88,627 per Bitcoin, increasing the company's total assets to $16.5 billion. The average cost of the total reserve of 331,200 BTC is $49,874 per Bitcoin.

MicroStrategy's Future Plans

The company indicated plans to continue purchasing Bitcoin over the next three years, which means the reserve is expected to grow further, with no sales planned in the near term.

MicroStrategy continues to aggressively increase its Bitcoin reserves with a long-term strategy, potentially impacting the cryptocurrency markets.

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