MicroStrategy continues its aggressive Bitcoin accumulation strategy, recently acquiring 6,220 BTC as Bitcoin prices fluctuate around $118,000.
Michael Saylor’s MicroStrategy disclosed the acquisition of 6,220 Bitcoin for $739.8 million, raising its total holdings to 607,770 BTC at an average price of $71,756. The purchase comes as Bitcoin reached an intraweek high of $122,000, reflecting ongoing institutional interest. Additionally, a senior executive sold 10,900 MSTR shares for approximately $4.9 million, extending previous sales. MicroStrategy's stock remains 19% below its all-time high despite its market cap reaching record levels amid Bitcoin's performance.