"MicroStrategy" increases its holdings of Bitcoin to more than 640,000 Bitcoins
"MicroStrategy", the publicly traded company founded by "Michael Saylor", known for his strong support for Bitcoin, announced a new purchase adding 196 Bitcoins worth approximately $22.1 million, at an average price of $113,048 per coin.
Thus, the company's total holdings have risen to 640,031 Bitcoins, with a market value estimated at around $47.35 billion, while its current price in dollars exceeds $71.7 billion, giving the company unrealized gains of over $24.3 billion.
These holdings account for about 3.2% of the total circulating supply of Bitcoin.
Although the recent purchase is considered limited compared to previous deals, it is part of the company's ongoing strategy to bolster its reserves.
Last week, MicroStrategy acquired 850 Bitcoins for around $100 million, while it executed purchases worth billions of dollars during the summer.
