MicroStrategy continues to expand its Bitcoin holdings by purchasing an additional 27,200 BTC, valued at approximately $2.03 billion.
MicroStrategy's Asset Increase
Since its initial Bitcoin investment, MicroStrategy has steadily increased its cryptocurrency holdings. The recent acquisition of 27,200 BTC has cemented its position as the largest corporate Bitcoin holder. The average purchase price of the new inventory was $74,463 per Bitcoin, which brought the company's total assets to 279,420 BTC.
Corporations Use Bitcoin as Economic Hedge
MicroStrategy actively acquires Bitcoin as a strategic reserve asset amid widespread corporate interest in cryptocurrency. This move resonates with the growing trend of using Bitcoin as a hedge against economic instability.
Metaplanet's Strategy in the Bitcoin Market
Japanese investment firm Metaplanet has also increased its Bitcoin holdings. It is raising funds to acquire Bitcoins and partnering with SBI VC Trade to enhance tax efficiency and financial strategy by using Bitcoin as collateral.
The use of Bitcoin in corporate strategies is expected to intensify as it continues to be perceived as a shield against economic instability.
