MicroStrategy extends Bitcoin buying to 11th consecutive week as BTC price surges
MicroStrategy (NASDAQ: MSTR), the enterprise software company turned Bitcoin (BTC) proxy, has extended its Bitcoin buying spree to 11th consecutive week, adding 11,000 BTC worth $1.1 billion to its portfolio. This latest acquisition, executed at an average price of $101,191 per Bitcoin, brings the firm’s total Bitcoin holdings to 461,000 BTC, valued at $48 billion at current market prices. With a cumulative investment of approximately $29 billion and an average acquisition cost of $63,610 per BTC, MicroStrategy now controls over 2% of Bitcoin’s finite supply. Picks for you Billion dollar asset manager files for DOGE and TRUMP ETFs 31 mins ago This bullish pattern hints Dogecoin to target $15, according to trading expert ...