🤖AI Summary
MicroStrategy completed its 101st Bitcoin purchase, acquiring 3,015 BTC for $204 million at an average price of $67,700 per Bitcoin. This purchase was made below the company's cost basis and brings their total Bitcoin holdings to 720,737 BTC, continuing Michael Saylor's aggressive Bitcoin accumulation strategy.
Key Takeaways
- →MicroStrategy purchased 3,015 Bitcoin for $204 million at $67,700 per BTC in their 101st acquisition.
- →The purchase price was below the company's average cost basis, indicating a strategic accumulation during price dips.
- →Total Bitcoin holdings now reach 720,737 BTC, solidifying MicroStrategy's position as the largest corporate Bitcoin holder.
- →This marks another milestone in Michael Saylor's consistent Bitcoin buying strategy spanning multiple market cycles.
- →The significant purchase size demonstrates continued institutional confidence in Bitcoin as a treasury asset.
#microstrategy#michael-saylor#bitcoin#institutional-adoption#corporate-treasury#btc-purchase#bitcoin-accumulation
Read Original →via CoinTelegraph
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