MicroStrategy Acquires 390 Bitcoin Worth $43.4 Million
The business intelligence firm, formerly known as MicroStrategy, expanded its Bitcoin holdings with a late October purchase averaging $114,771 per BTC.
BTC
Summary
Strategy, previously MicroStrategy, purchased 397 Bitcoin between October 27 and November 2 at an average price of $114,771 per coin, totaling $45.6 million. This acquisition continues the company’s strategy of increasing its digital asset holdings.
Terms & Concepts
- Bitcoin: A decentralized digital currency that enables peer-to-peer transactions without the need for intermediaries.
- MicroStrategy: A business intelligence company known for significant Bitcoin investments as part of its corporate strategy.