MicroStrategy Increases BTC Holdings by $37.2M before Halving

MicroStrategy Acquires More Bitcoin, Boosting Its Digital Coin Holdings

MicroStrategy, a software company based in Tyson, Virginia, has announced its latest purchase of 850 Bitcoin (BTC) at a price of $37.5 million. This brings the company’s total Bitcoin holdings to 190,000 BTC, amounting to a whopping $8.2 billion in digital coins. MicroStrategy first ventured into Bitcoin investment in August 2020, aiming to provide better returns for its shareholders. CEO Michael Saylor has been vocal about BTC being a safe long-term investment and an inflation hedge, often referring to it as “digital gold” and a “bank in cyberspace.”