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Michael Saylor's MicroStrategy buys another 2,530 Bitcoin worth $243 million

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MicroStrategy, the business intelligence firm known for its aggressive Bitcoin acquisition strategy, has added another 2,530 BTC to its reserves. According to an 8-K filing with the Securities and Exchange Commission on Monday,
Michael Saylor, the Executive Chairman of MicroStrategy, has announced that the company has purchased an additional 2,530 bitcoins for approximately $243 million, at an average price of $96,000 per bitcoin. This acquisition increases MicroStrategy's total bitcoin holdings to 214,246 bitcoins, which were acquired at an aggregate purchase price of about $7.54 billion, averaging $35,160 per bitcoin. This move underscores MicroStrategy's ongoing strategy to invest heavily in bitcoin as a primary treasury reserve asset, reflecting Saylor's long-standing belief in the cryptocurrency's potential as a store of value.

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