• MicroStrategy acquired an extra 3,000 Bitcoins (BTC) for $155 million.
• The corporate at the moment holds 193,000 BTC acquired at a mean value of $31,544.

Michelle Saylor's MicroStrategy continues its Bitcoin technique with one other large buy of the flagship cryptocurrency.

MicroStrategy purchases an extra 3,000 BTC

On Monday, the enterprise intelligence agency introduced it had acquired an extra 3,000 Bitcoins (BTC) for $155 million. Michael Saylor, the corporate's founder and chairman, revealed the most recent earnings by his X Account.

In response to the announcement, MicroStrategy acquired 3,000 BTC at a mean value of $51,813. Consequently, the whole Bitcoin holdings of listed firms elevated to 193,000 BTC. The US-based firm has acquired a complete of $6.09 billion in Bitcoin since its first buy in 2020.

To place it in perspective, the typical value of MicroStrategy's Bitcoin acquisitions is $31,544.

MicroStrategy acquired an extra 3,000 BTC for as much as $155 million at a mean value of $51,813. #bitcoin. As of February 25, 2024, @MicroStrategy Presently accommodating 193,000 folks $BTC The typical value per Bitcoin was $31,544, and it was acquired for roughly $6.09 billion. $MSTR https://t.co/micudbYf3P

— Michael Saylor ⚡️ (@saylor) February 26, 2024

MicroStrategy’s newest buy got here as BTC value retreated from its current excessive of $53,000. Some analysts say BTC might fall beneath $50,000 and is prone to rebound from the $48,000 assist stage, however many stay very bullish. .

February twentieth, Saylor known as BTC's “exit technique” emphasizes his firm's long-term perspective.

The corporate bought $615 million value of BTC in December 2023.