In a recent announcement, MicroStrategy, the American software company, has added to its Bitcoin holdings. The company's CEO, Michael Saylor, confirmed the purchase via a tweet on June 28, 2023.
According to Saylor's tweet, MicroStrategy has acquired an additional 12,333 Bitcoin (BTC) for approximately $347.0 million, at an average price of $28,136 per Bitcoin.
This latest acquisition brings the company's total Bitcoin holdings to 152,333 BTC, which were purchased for approximately $4.52 billion at an average price of $29,668 per Bitcoin.
MicroStrategy has been a prominent player in the Bitcoin market, consistently adding to its holdings over the past few years. The company's aggressive Bitcoin acquisition strategy has made it one of the largest corporate holders of Bitcoin worldwide.
The news of the latest acquisition was met with positive reactions from the Bitcoin community on Twitter. Users expressed their bullish sentiments, with comments such as "Microstrategy keeps buying #Bitcoin! Bullish" and "Booom $BTC".
MicroStrategy's continued investment in Bitcoin underscores the growing acceptance of cryptocurrency as a legitimate asset class among businesses.
The company's strategy of using Bitcoin as a primary treasury reserve asset has been seen as a vote of confidence in the long-term value of the cryptocurrency.
As of June 27, 2023, the price of Bitcoin stands at $28,136. With MicroStrategy's continued investment, it remains to be seen how the market will react and what impact this will have on the future price of Bitcoin. [pc]
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