MicroStrategy Adds 169 BTC to Holdings, Now Owns 226,500 BTC

IconCryptoNewsTerminal Staff01 Aug, 2024

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MicroStrategy Adds 169 BTC to Holdings, Now Owns 226,500 BTC

MicroStrategy, a leading business intelligence firm, has further increased its Bitcoin (BTC) holdings. According to a recent announcement, the company purchased 169 BTC in July. This brings MicroStrategy's total Bitcoin holdings to 226,500 BTC, valued at approximately $11.4 million at the current market price. MicroStrategy's CEO, Michael Saylor, has been a vocal advocate for Bitcoin and has repeatedly emphasized the company's belief in its long-term value. This latest purchase further demonstrates MicroStrategy's commitment to accumulating Bitcoin as a store of value and an alternative to traditional assets.