Microstrategy’s Bitcoin Blitz: $209 Million Purchase Fuels 446,400 BTC Treasury
Analysis of Microstrategy’s Bitcoin Acquisition Strategy Microstrategy, a cloud computing firm turned “Bitcoin development” company, has made its eighth consecutive weekly purchase of Bitcoin, acquiring 2,138 BTC for approximately $209 million at an average price of $97,837. This move brings the company’s total Bitcoin holdings to 446,400 BTC, valued at around $41 billion. The company’s…