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MicroStrategy Acquires 1,955 BTC in Early September

MicroStrategy Acquires 1,955 BTC in Early September

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by Giorgi Kostiuk

2 days ago

MicroStrategy, the largest holder of Bitcoin, continues to accumulate cryptocurrency despite price fluctuations.

Recent Bitcoin Acquisition

Between September 2 and 7, MicroStrategy acquired 1,955 Bitcoin (BTC) for $217.4 million. Prices for the cryptocurrency fluctuated, briefly exceeding $113,000 before slipping to around $110,000 per BTC.

Overall Accumulation Strategy

With the latest acquisition, MicroStrategy's total Bitcoin holdings reached 638,460 BTC, purchased for approximately $47.2 billion at an average price of $73,880 per BTC.

History of Previous Purchases

In August, MicroStrategy also acquired approximately 7,714 BTC. However, this amount was significantly less than previous purchases, including a massive 31,466 BTC acquisition in July and a 17,075 BTC acquisition in June.

Despite market volatility, MicroStrategy continues to steadily increase its Bitcoin reserves, affirming its long-term accumulation strategy.

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