MicroStrategy, courtesy of its former CEO and co-founder Michael Saylor, has continued its aggressive accumulation of the flagship cryptocurrency, Bitcoin, with the company’s latest purchase coming in October, according to Saylor himself.
MicroStrategy Acquired An Additional 155 BTC In October
In a post shared on his X (formerly Twitter) platform, Saylor mentioned that his company acquired this amount of BTC for $5.3 million and now holds 158,400 BTC. The businessman made this comment while sharing the company’s third-quarter 2023 financial results.
The release also affirmed Saylor’s revelation as it gave a detailed analysis of its BTC holdings and the company’s unwavering commitment to continue stacking up the digital asset. The company notably stacked up a total of 6,067 BTC since the end of Q2 2023 for $167.0 million or at $27,531 per token.
These figures instantaneously raise the presumption that Microstartegy’s Bitcoin investment strategy is currently in profit. Th
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