MicroStrategy's Latest Bitcoin Investment

In a bold move that underscores its confidence in cryptocurrency, MicroStrategy Inc. announced on Monday the acquisition of an additional 430 Bitcoin, spending approximately $51.4 million. This purchase was made at an average price of around $119,666 per Bitcoin.

MicroStrategy's Growing Bitcoin Holdings

According to Michael Saylor, the company's Executive Chairman, MicroStrategy now holds a staggering 629,376 Bitcoin as of August 17. The total investment in Bitcoin by the company stands at approximately $46.2 billion, with an average purchase price of about $73,320 per Bitcoin.