Strategy Buys Another 1,587 BTC as Bitcoin Sale FUD Fades Away
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MicroStrategy reaffirmed its bitcoin commitment by acquiring 1,587 BTC for roughly $100 million at an average price just over $63,000, two weeks after its first BTC sale in about four years. The company also raised its USD cash by $100 million to $1.1 billion, bringing total crypto holdings to 846,842 BTC valued near $56 billion, underscoring continued corporate adoption and large-scale accumulation that could support market demand for crypto.
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Two weeks after announcing its first BTC sale in roughly four years, the Michael Saylor-founded business intelligence giant has reaffirmed its support for bitcoin, acquiring another 1,587 units for approximately $100 million.
The average purchase price was just over $63,000, and the company has also increased its USD stash by another $100 million to $1.1 billion. Its total crypto fortune has grown to 846,842 BTC, currently valued at almost $56 billion.
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